Wednesday, January 19

The Government of Colombia ensures that its economy will grow more than 9% in 2021

“The Colombian economy is showing its resilience and we are seeing how the ‘Compromiso por Colombia’ reactivation plan is bringing results, how mass vaccination is bringing results,” Duque said at a press conference.

“We already have October, which was a good month; end November well, get December ahead and try to put ourselves in that mentality. Even raising our growth projection and putting ourselves on the goal of growing above 9%, it is possible and I I feel that Colombia is going in that direction, “added the president.

The government revised its economic growth target for this year to 8.5% from 6% in early November, while the central bank projects a 9.8% expansion.

The growth above expectations, which translated into an upturn in inflation to 4.58% per year in October – above the specific goal of 3% – led the Central Bank to start an upward cycle in September. interest rate, 25 basis points that month and 50 basis points in October up to 2.50%.

Colombia applied a total of 52.3 million doses of vaccines and some 23.1 million inhabitants have their complete scheme, almost half of the population of 50 million people.