Tag

Emerging market central banks may have acted faster than those of the developed world, but it doesn't mean they have done enough.

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

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.

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.

In keeping with the recent macro data, consensus estimates on Colombian key economic indicators are continuing to edge higher.

Some of this may finally be starting to filter through to both the stock market and Peso - both have outperformed the region over recent sessions.