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//Economy
Fitch Ratings Claro Colombia Telecom Telecommunications (Credit: Jared Wade)
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Fitch Ratings Has Negative Outlook for Colombian Companies in 2017

One sector Fitch sees having a tough year ahead is telecom, due to the pressure on credit profiles from low profits and free cash flow.
Posted On December 1, 2016
, By Jared Wade
colombia peace juan manual santos timochenko teatro colon
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Colombia Officially Signs New Peace Deal with FARC

This time, Santos will send the agreement to Congress for ratification and skip the public vote.
Posted On November 24, 2016
, By Jared Wade
santos apec colombia obama
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World Leaders Rail Against Protectionism During APEC Economic Summit Featuring Santos, Obama, Putin

"For anybody who wants to promote protection, I suggest they read an economic history of the 1930s," said Peruvian President Kuczynski.
Posted On November 19, 2016
, By Jared Wade
colombia peso
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Colombia Is Introducing New 5,000 and 2,000 Peso Bills into Circulation

The 5,000 peso note is already in use, and the 2,000 redesign will begin circulating on November 29.
Posted On November 17, 2016
, By Jared Wade
colombia inflation colombian peso
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Colombian Peso Takes Big Hit in the Wake of Donald Trump Election

The Colombian peso began depreciating in the lead up to the U.S. presidential election and took a big tumble today.
Posted On November 10, 2016
, By Jared Wade
donald trump
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Donald Trump Wins U.S. Presidential Election and Causes Chaos in Global Markets

We know Donald Trump has won. What comes next for the global economy is anyone's guess.
Posted On November 9, 2016
, By Jared Wade
colombia inflation rate DANE 2016
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Colombia Inflation Rate Falls to 6.48% in October

The new 6.48% rate is the lowest seen since November 2015 — and a huge drop from the 8.97% high in July.
Posted On November 8, 2016
, By Jared Wade
Banco de la Republica, the central bank of Colombia, in Bogotá.
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Central Bank Downgrades Forecast for Colombia’s 2016 GDP Growth to 2% and Expects the Same in 2017

"The slowdown in output and lower external imbalance reflect the adjustment required in the Colombian economy," said the central bank.
Posted On November 4, 2016
, By Jared Wade
latin america middle class
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The Size of the Middle Class Has Doubled in Latin America Over the Past Decade

While 186 million people in the region can now be considered middle class, progress is slowing.
Posted On October 25, 2016
, By Jared Wade
bancolombia medellin
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Bancolombia: Colombian Economy Is Currently Bottoming and Set for a 2017 Turnaround

If the story plays out as expected, Bancolombia believes that 2015 and 2016 will end up being bumps in the road in an ongoing growth trajectory.
Posted On October 21, 2016
, By Jared Wade
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