# GlobalSource Partners | Introspection at the end of 2020

> A Colombian economic report says the current account deficit shrank from 3.6% of GDP at the start of 2020 to 2.7% in Q3, driven by remittances and factor payments. It warns that strong portfolio inflows into Colombia in Q4 could mask underlying external weakness, and that exports and imports kept falling through Q3.

- Date: 2020-12-23 · published 2020-12-23T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/49940-globalsource-partners-introspection-at-the-end-of-2020
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

Colombia is a modest feed importer, so the currency and external balance mainly affect local import costs and peso purchasing power rather than global grain or meal prices.

## Sources

- globalsourcepartners.com: https://www.globalsourcepartners.com/posts/introspection-at-the-end-of-2020/teaser

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.