Colombia GDP (Q1)

The slowdown in GDP growth in Colombia in the first quarter was not as bad as some had feared, but it was still a weak outturn. And with the full effects of the fall in oil prices yet to feed through, we expect the pace of growth to weaken further over the course of this year. Accordingly, we are sticking to our below-consensus forecast for GDP growth of just 2.5% this year.

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