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Analysis by Region - Emerging Markets - Colombia

Publisher Oxford Economics
Published Mar 12, 2026
Length 9 Pages
SKU # OFE21077195

Description

We have lowered our 2026 GDP growth forecast for Colombia by 0.3ppts to 3.2% y/y to reflect consistent weakness in monthly growth prints below our estimates since late 2025. Still, we remain 0.5ppts above the consensus as we believe a wide fiscal deficit and the 23% minimum wage rise will support domestic demand this year.

Table of Contents

9 Pages
Colombia: Iran war sharply raises inflation and fiscal risks
Forecast overview
Recent developments
Short
term outlook
Key drivers of our short
term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Debt sustainability analysis
Long
term prospects
Alternative long
run scenarios
Background
Economic development
Structure of the economy
Balance of payments
Economic policy and politics

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