Colombia | Investment begins to make its path
Published on Friday, August 23, 2024
Colombia | Investment begins to make its path
In Q2 2024, fixed investment in Colombia grew by 4.3% year-on-year, breaking a streak of five consecutive quarters of contraction and indicating that it is gradually beginning to recover its role as a key driver in the economy.
Key points
- Key points:
- Investment growth was driven by increases in buildings and structures (+15%) and machinery and equipment (+2.1%). However, housing declined by 1.4% and remains lagging.
- Promoting investment will be essential to consolidating Colombia's economic growth.
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