Supported by very strong policy frameworks and well-executed policies, Colombia’s recovery strengthened. The demand-led pick-up in growth is moving the economy toward internal balance but away from external balance. Looking ahead, without additional tax revenues and increased spending efficiency the fiscal tightening required by the fiscal rule will exert pressure to cut key public spending. The recovery is gaining momentum and external imbalances have widened. Despite weaker-than-expected external demand, activity should accelerate in 2019. Rebounding investment, continued policy support, and substantial migration from Venezuela are expected to lift growth to 3.6 percent while the current account deficit is expected to remain wide. Inflation is projected to remain close to target.
Add to Cart by clicking price of the language and format you'd like to purchase
Available Languages and Formats
Prices in red indicate formats that are not yet available but are forthcoming.