Macroeconomic forecast for Colombia is positive for the next two years, according to April’s report of the insurer Crédito y Caución (Atradius). A solid growth of around 3% is foreseen, surpassing the average of the last five years, in addition to inflationary stability.
The growth will be driven mainly by the oil and mining sector, as well as the increase in investment and consumption. It is worth noting in this sense the policy favorable to companies through the reduction of corporate taxes carried out by the Government of Iván Duque.
However, the South American country faces different challenges. Among them, the report highlights the reduction of the deficit to 2.4% this year, the management of the migratory flow from Venezuela and the high rates of poverty and inequality, especially in rural areas.