OECD adjusts Colombia’s GDP forecasts for 2020 at -8.3% and 2021 at 3.5%

The Organization for Economic Cooperation and Development (OECD) released a new report on economic prospects for Latin America. While in June the OECD expected a fall in Colombian GDP of the order of 7.9%, now it sees that the contraction will be 8.3%. However, looking to 2021, the rebound will no longer be 2.8%, but 3.5%. The agency foresees that Colombia’s public debt will increase by almost 15 percentage points, reaching over 60% of GDP by 2022, the same perspective that the Government is seeing.

Source: Valora Analitik