IMF worsens forecast for Colombia’s GDP in 2020 to -8.2%; maintains 4% for 2021

The Colombian GDP will contract by 8.2% in 2020, said Hamid Faruquee, head of the IMF mission for Colombia. Previous forecasts saw a 7.8% decline in GDP. In the case of 2021, the estimate of the IMF’s technical team remained that the Colombian economy will grow 4%.

Source: Valora Analitik