Category

Inflation seeks to be the highest in Colombia since 1999 based on DANE statistics.

It was an eclectic week, even by Colombian standards.

Two-thirds of those surveyed for the World Economic Forum’s Chief Economists Outlook expect a global recession in 2023

President Petro is in Davos this week, attending the World Economic Forum.

The Peso was badly hit during the holiday period dropping 4.87% to over 5,000 once again...

It has been a busy week for President Petro with visits to Santiago, Chile and Caracas, Venezuela.

CPI may yet go higher, obviously not to those seen on the streets of Caracas or Buenos Aires, but only Chile (13.3%) amongst the mainstream Latam economies has higher inflation.

Ocampo added that inflation should have slowed in December & this will allow the central bank to cease the tightening cycle.

Even though Christmas is this coming weekend, the week ahead will feature a number of economic releases.

Petro confirmed a salary increase of16% and an increase in the transport subsidy of 20%.