Analysis by Region - Emerging Markets - Colombia
We kept our GDP growth forecasts for Colombia unchanged at 1.9% for this year and 2.5% for 2025. This is because monthly activity in August declined as we expected, after a hefty rebound in July. We forecast GDP will expand by a moderate 0.5% q/q in Q3 as easing inflation and flexible financial conditions boost domestic demand through private consumption and fixed investment.
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