Colombia | The United States as a growth driver for Colombia

Summary

World trade has recovered to a new all-time high after the confrontations between the United States and China, protectionism, and the pandemic. The recovery is mainly driven by the United States, retaking its leadership in global growth, and driving global growth, particularly for Colombia.

Key points

• Key points:
• The United States is going to lead the global recovery by surpassing pre-pandemic levels of activity this year.
• The U.S. recovery is primarily due to unprecedented monetary and fiscal stimulus along with the rapid vaccination process.
• Historically, the U.S. economy has driven global trade growth, and Colombia's economic growth.
• Colombia's recovery will depend on exports, foreign investment, and remittances from the United States.

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