Tag

The Colombian peso moved towards 3,900 to the US dollar — and there appears little to suggest it will move it back towards the 4,200 level given current oil prices.

Despite opinion polls declaring we are heading for Armageddon, we see various stakeholders increasing the GDP outlook.

For April, unemployment was 10.7% — down from 11.2% a year ago — and there was a 3.5% increase (785k) in the number of people working year over year

On the markets the Peso had a bumpy week before recovering somewhat by Friday.

The nationwide taxi protests did not have the effect the cabbies expected.

It's doubtful it will be a quiet week in Colombia - but have a good one.

Perhaps the biggest concern is the perception of mixed messages between President Petro and Finance Minister Ocampo.

This is inflation week and September CPI is expected to be 0.78% (slowing slightly from 1.02% in August) with the 12m rate rising to 11.29%.

The m/o/m decline of 0.3% points to a gradual slowdown in the Colombian economy.

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