Colombian economy set to grow by 2.7%

Colombian economy set to grow by 2.7%


Economists have confirmed that, after a productive August and September, the Colombian economy is set to make significant recovery this year, ending 2018 with a growth in GDP of 2.7%, according to the United Nations Economic Commission for Latin America and the Caribbean (ECLAC).

In its thorough mid-year report, the organization noted the progress Colombia has made so far 2018 and predicted that the high external and domestic demand will continue until the end of the year.

After the implementation of a package of economic measures including significant infrastructure reforms aiming to making the country’s growth model more competitive, Colombia’s economy has strengthened.

ECLAC gave a positive prognosis for the end of 2018 and 2019, supported by the growth of Colombia’s trading partners (among them the United Kingdom, as well as the USA, Europe and the rest of Latin America).

This positive economic forecast and the increasing focus and investment in national infrastructure are helping produce a Colombia that is more than ever a country of opportunity and progress, both internally and on an international commercial level.