The country’s real GDP will decline steeply in 2020. The recession will be the worst in a century, driven by domestic confinement measures necessary to limit the spread of the Coronavirus (COVID-19), the global economic contraction, lower oil prices, and tightening financial conditions. Real GDP should however, bounce back to record growth of 4.5% in 2021 and will be around 3.5% per year in 2024-2027.
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Country Profiles examine the economic and political trends in 210 countries and associated regions, serving as a one-stop-shop for data and analysis on the economy, political landscape and the business environment. This report series allows you to understand the macro-economic environment as a basis for strategic planning.
If you're in the Industry, Infrastructure and Environment industry in Colombia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty
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