Colombia expects stronger GDP growth this year

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Monday, February 4, 2019

The Colombian government expects the economy to pick up steam this year and expand by 3.6%.

GDP grew 2.6% last year. The UN Economic Commission for Latin America and the Caribbean (Eclac) forecasts that Colombia will grow 3.3% in 2019.

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The higher growth forecast for this year is based on a better outlook for the construction, retail, manufacturing and mining sectors, local business daily Portafolio reported finance minister Alberto Carrasquilla as saying.

Carrasquilla also said the government will post a primary budget surplus after six consecutive years of deficits.