Best viewed on a device with a bigger screen...
Colombia’s near-term outlook is deteriorating; the COP’s sell-off highlights the pessimistic scenario.
Retail sales remain above pre-Covid levels, but momentum is petering out, due to high inflation.
A recession is not our base case, for now; improving services activity and resilient manufacturing will help.
This publication is only available to Latin America Economic Research (Monitor) subscribers
Pantheon Macroeconomics produce daily publications for U.S., Eurozone, Latin America, UK and Asia, as well as analysis on key data within a few minutes of their release.
banrep, COP, core sales, credit, disposable income, downside risks, election, furniture, gdp growth, interest rates, July, June, labour, manufacturing, May, oil, pmi, policy, policymakers, rate hike, raw materials, recession, retail sales, savings, supply chain, u.s., Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence