As one of the larger economies in Latin America, Colombia has a track record of above-average GDP growth, a reputation for sound macroeconomic management and market-friendly policies.
Sound macroeconomic policy has allowed Colombia to weather the drop in oil prices, while a peace deal with the FARC has the potential to boost economic growth.
Emerging markets are in for another turbulent year with the strong US dollar and US President Donald J Trump’s “America First” stance both challenging conventional wisdom in trade and macroeconomic policy.
Much to everyone’s surprise, investors have so far responded to the new reality by embracing hope over fear. Trump’s fiscal stimulus of the US economy, it is said, may well end up boosting global demand and growth.