INSUBCONTINENT EXCLUSIVE:
inflation to keep dropping.The report indicates that internal demand will decrease to 1.7% this year
However, it will climb to 1.8% next year.Additionally, private spending should recover from 0.5% in 2023 to 1.8% in 2024.Economic growth
will slow down this year after a 7.5% boost in 2022
noted.Slow Colombian Economic Growth for 2023-24 Forecasted
(Photo Internet reproduction)On the inflation front, BBVA sees a 9.7% Consumer Price Index (CPI) at year-end
It predicts this will drop to 5.4% in 2024.Several factors, such as weather patterns, fuel price changes, and currency value shifts, will
influence this.Currently, interest rates stand at 13.25%
face sluggish economies, making it a regional trend.This allows Colombia to learn from neighboring policies, specifically those that have
effectively dealt with inflation and interest rates.On a global scale, economies worldwide are recovering at varying paces from the
pandemic.While some Western countries are experiencing quick rebounds, emerging markets like Colombia are lagging.The gradual decrease in
interest rates in Colombia mirrors the cautious approaches taken by central banks in other developing nations.
