We've kept our 2025 GDP growth forecast for Colombia unchanged at 2.1%. We expect growth will increase slightly from this year, boosted by flexible financial conditions and lower inflation. Private consumption will lose some momentum due to its robust performance over the past five quarters. But we think the strength in investment will offset it. Risks remain tilted to the downside due to fiscal concerns and political noise.
Colombia: Growth is set to pick up next year, but risks remain