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15th Jul 2022 15:57Latin America, Daily Monitor

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.

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.

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Keywords for: Colombia's Near-Term Outlook Has Worsened, the COP Feels the Pain

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