Colombia | Some nuances to Colombia's growth in 2022-23. ANIF-Fedesarrollo Forum.

Summary

Colombia had a positive year-end with an annual GDP variation of 10.6%, with a growth of 11% in investment, 15% in private consumption and 12% in public consumption. In addition, final consumption represented 91% of GDP. By 2022, Colombia will be in a phase of moderate growth.

Key points

• Key points:
• Colombia has a greater capacity to face the pandemic due to vaccination, having lower health impacts and, therefore, lower economic costs.
• Bottlenecks are idiosyncratic, more persistent and are arriving in Colombia with a lag.
• The high levels of inflation are initially explained by supply-side phenomena. The increase in core inflation stands out.
• A less expansionary monetary policy is expected in the first half of 2022 and a contractionary one for the second half of the year.

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