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21 Sept 2022 LatAm Monitor The Economic Recovery is Petering Out in Colombia as Inflation Bites

Andres Abadia (Senior International Economist)20th Sep 2022 13:49Latin America, Daily Monitor

Colombia's economic activity index confirmed that the recovery stalled in July, due to high inflation.
Growth momentum will continue to peter out in the very near term; conditions likely will stabilise in Q4.
The COPOM likely will keep the Selic rate on hold today, and throughout the remainder of the year.

bcb brl capex central banks construction copom disinflation disposable income domestic demand downside risks election external conditions fuel gasoline gasoline prices housing demand inflation expectations inflation forecasts inflation pressures inflation report interest rates job market manufacturing March October policy q2 q4 real gdp real incomes savings selic rate services output

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