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    Published on Thursday, June 17, 2021

    Colombia | Time of hope

    Summary

    The challenging context that Colombia is facing due to the higher peak of contagions, the hard economic conditions and the slow recovery of employment, pose a challenge for all of us. This must be faced with hope in order to quickly reach a consensus that will sustain social spending and propel us back to recovery.

    Key points

    • Key points:
    • The hopelessness of these two months can be read through the lens of two very negative pieces of data just released: the loss of nearly 700,000 jobs in April.
    • The government's social support plan to sustain social spending should be discussed quickly.
    • It is time to build to quickly reverse the supply effects of the blockades.
    • The government, together with businessmen, traders, investors, politicians, young people and beneficiaries of public aid are in a process of consensus building that we must all support.

    Geographies

    Topics

    Authors

    Juana Téllez BBVA Research - Chief Economist

    Documents and files

    Press article (PDF)

    Articulo_Prensa_Colombia_11Jun21.pdf

    Spanish - June 17, 2021

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