Growth Weakened but Beat Expectations
Given the strong headwinds faced by the Colombian economy during the past few years, its performance in 2015 is probably a testament of good overall macroeconomic policy management by the country. Despite the significant depreciation of the currency and the acceleration in inflation during the past year, the 3.1 percent increase in real GDP in 2015 puts the country in a good comparative position versus its Latin American neighbors, with probably the only exception being that of Panama, which borders Colombia to the northwest.
Colombia will Continue to Outperform its Regional Peers
Colombia has grown at an average of 4.3 percent during the last 15 years, an impressive feat for a Latin American economy. Our expectation is for the Colombian economy to continue to outperform the rest of the region even as it struggles to repeat the performance of the past decade and a half.
Read the complete commentary here: colombia-gdp-20160311