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Colombia's government raised its projected 2024 public deficit to 5.6% of GDP and its 2025 deficit to 4.3% in mid-term fiscal documents. Congress approved an increase in the debt ceiling on June 20, and Moody's has shifted its outlook for Colombia to negative.
FrontierView revised its COP:USD forecast to 4,150 for 2024 and 4,220 for 2025.
Wider deficits and higher debt reliance raise the risk of a credit downgrade and a weaker peso, which can affect feed import costs and local demand for feed.
frontierview.comJuan VelezJul 11, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
