ECLAC expects 5% growth for the Colombian economy during 2021

The Economic Commission for Latin America and the Caribbean (ECLAC) updated its economic projections for 2020 and 2021. For Colombia, they expect GDP growth of 5% in 2021, above the estimated average for Latin America of 3.7%. In 2020, Colombia´s GDP is forecast to contract by 7% in the entity’s final projections. Gobal GDP would fall 4.4%; and 7.7% in South America and the Caribbean, a more positive figure than the one obtained in the last report, which pointed to a 9.1% contraction.

Source: La República