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The highlight of the week was clearly the 0.45% inflation print for December — which dragged the full-year figure or 2023 to 9.28%, below the 9.45% expected.

Despite the rain this week, the environment minister announced an immediate $410 million USD relief fund to combat the effects of El Niño.

Fedesarrollo's consumer confidence data for June offers some encouraging numbers — but there is still a long way to go.

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

Last week in Colombia was one totally bereft of either macro data or economic surveys; this week will be the polar opposite.

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

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

"Colombia and Pakistan are the only two 'normal' countries in the world..."

There is little question that the country is going in the right direction, even the unemployment data for September was considerably better than expected.

This is a country with problems, unquestionably, poverty has risen, there is discontent with the Government's actions in several respects and the current account situation speaks for itself. BUT, this is a country that for decades has built itself against a backdrop of problems...