Loading…
The IMF's 2019 Article IV consultation with Colombia reports GDP growth strengthened to 2.7 percent in 2018, supported by private consumption and a modest investment recovery. The current account deficit widened to 3.8 percent of GDP as imports surged and non-oil exports stayed sluggish.
Inflation remained near 3 percent, and the Financing Law is expected to raise tax revenue in 2019.
Colombia's growth, inflation and external financing conditions shape demand for imported feed and the peso's direction against the dollar. The report signals a stable macro backdrop with limited direct impact on feed commodity prices.
doi.orgInternational Monetary Fund. Western Hemisphere Dept.Jan 1, 2019Not 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.
