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Colombia Economy Beats Estimates With Recovery in Full Swing

22 November 2021 in Colombia, Uncategorized

Colombia’s economy rebounded faster than expected in the third quarter led by the retail sector and manufacturing, keeping the country on track for its fastest growth in decades this year. . Gross domestic product expanded 5.7% from the previous three months, the national statistics agency said Tuesday....

Colombia | Recovery in the middle of a challenging environment

05 August 2021 in Colombia

  The greater dynamics in global growth is an important factor in the economic recovery process in Colombia, which presents favorable growth in the first quarter of 2021. However, recent economic and political events have created new challenges for the economy and employment generation. .  Report BBVA: Colombia-recuperacion-en-escenario-retador . Key...

Colombia’s economy expanded 1.1% in Q1, beating forecasts

17 May 2021 in Colombia

  Colombia's economy grew 1.1% in the first quarter of 2021 compared with the year-earlier period, the government said on Friday, as certain sectors reopened despite the ongoing coronavirus pandemic. The expansion handily beat median predictions from analysts, who forecast the Andean country's gross domestic product...

Economic Growth Law: Tax Discounts for Business in Colombia

08 January 2020 in Colombia

On 27 December 2019, Colombian President Ivan Duque signed the country’s new Economic Growth Law, called ‘Ley de Crecimiento Económico’, a stimulus package aimed to support business and low income households. The law introduces new tax discounts for businesses in Colombia, among other reduced taxes...

Clearing Skies: Moody’s Upgrades Colombia Outlook to Stable from Negative

10 July 2019 in Colombia

. Moody’s Investors Service yesterday changed the outlook on the Government of Colombia to stable from negative. Concurrently, Moody’s has affirmed Colombia’s long-term local and foreign-currency issuer, senior unsecured debt ratings and foreign-currency shelf senior unsecured ratings at Baa2. The short-term local and foreign-currency ratings were...

Colombia’s economy is powering up events

04 October 2018 in Colombia

Colombia’s national tourism board ProColombia shares its strategic approach to growing its events sector.   Colombia, South America’s fourth largest economy, is moving ahead with growth according to the OECD. The country is projected to pick up to about 3%, as lower interest rates, stronger infrastructure spending,...

Foreign Direct Investment in Colombia Grows Despite FDI Decline in LatAm

19 September 2018 in Colombia

A new report from the United Nations Economic Commission for Latin America and the Caribbean (CEPAL) finds that foreign direct investment (FDI) in Colombia grew by a relatively modest 0.5% year-on-year in 2017, whereas FDI in Latin America actually fell 3.6% region-wide.   According to the report...

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