S&P worsens view of Colombia’s GDP for 2020 to -8%, but sees stronger recovery in 2021 at 5.5%

The rating agency S&P Global Ratings revealed an update of its economic growth estimates for the main Latin American economies. For Colombia, the vision worsened from 6% this year to 8%, while for 2021 the expectation improved from 3% to 5.5%. According to their projections, most economies return to their pre-pandemic state (fourth quarter 2019) only by 2022, except Argentina and Mexico.

Source: Valora Analitik