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Financial News: COLOMBIA: GDP To Grow 1.5% In 2017 And

COLOMBIA: GDP To Grow 1.5% In 2017 And 2% In 2018 - BBVA

07/13/2017 - 19:53:00 (RTTNews)

(RTTNews) - The Colombian economy will expand by 1.5% in 2017 and 2.0% in 2018, but a delayed recovery in investments and household spending will limit growth momentum, according to a BBVA Research report for the third quarter of 2017.

"We expect that the investment will present gradual improvements, going from a 3.6% contraction in 2016 to a 1.9% expansion in 2017 and a 3.1% increase in 2018," BBVA Research said.

Meanwhile, according to the study, advances in infrastructure works from 2017 to 2019, an oil price recovery and a better export performance in 2018 would lead Colombian economy to a recovery.

BBVA also said that it expects the downward trend in inflation to continue in 2017 and 2018.

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