Macro - Country Economic Forecasts - Colombia

We have lowered our 2025 GDP growth forecast for Colombia by 0.1ppt to 2%. Positive momentum in activity continued in January, suggesting domestic demand was strong. However, heightened global economic uncertainty due to US tariffs and instability in the Middle East could cool investment. This comes on top of domestic political instability, with the Petro government losing its third finance minister this month.


Colombia: Political turbulence highlights a pessimistic fiscal outlook
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Background
Economic development
Structure of the economy
Balance of payments
Economic policy and politics

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