22 May 2019, Radoslav Yordanov, EMIS Editor
OECD raised 2019 GDP forecast for Colombia
According to the organization, the local economy will grow strongly thanks to the gross fixed capital formation which is expected to accelerate its expansion this year by 4.2% to 5.3%.
On the other hand, public consumption growth will slow by 0.8% to 5.1% in 2019, because the government must curve the pace of spending in order to achieve fiscal consolidation.
The OECD also raised its 2020 GDP projection to 3.6% expansion.
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