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In terms of consumer expectations, Colombians experienced an improvement from -7.4% to -3.5%.

Aside from his role as head of international investment for the BVC Colombian stock exchange and providing a column on economics for Finance Colombia, Rupert Stebbings has served on the board of directors for Viva, and wrote the corporate biography, "The Viva Effect."

Sectorially, financials (94.1%) are the top pick followed by Energy (82.4%), while oil has dropped away to 35.3%.

The big question on most investors' lips is 'Does Colombia have inflation under control?'

On the bright side GDP expectations continue to improve. In March the FY2022 consensus is at 4.5%, above the 4.2% of February.

The Peso remains a lottery - with an election in 3 months and the continuing 'red under the bed' narrative.

The sun will rise again. In fact for many it is already showing signs of an appearance and even Colombia still has a story to tell.

It's hard not to be happy when your President announces from Brussels that 2021 growth will be at least 10.2% in 2021

When taken in conjunction with the big decline in Consumer Confidence which was reported a fortnight ago, there are reasons for concern.

"I am talking about a continuation of the kind of positive disruption that has already taken hold in Colombia, and which is rapidly changing the financial landscape."