The World Bank adjusts forecasts of Colombia’s GDP projection for 2020 to -7.5%; 4.9% in 2021

The World Bank updated its projections for the behavior of the Colombian economy and now expects GDP in 2020 to have fallen 7.5%, when the previous estimate was a decrease of 7.2%. For 2021, the economic growth projection increased from 4.5% to 4.9%. According to the National Administrative Department of Statistics (Dane), Colombia’s GDP fell 9% in the third quarter of 2020, causing the country’s economic activity to reflect a decline of 8.1% between January and September, compared with the same period of 2019.

Source: Dinero