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Colombia’s unemployment rate dropped to 9.2% in February from 10.3% a year earlier, marking the lowest level for the month since 2001.

For national unemployment, it is the lowest August since 2016. And for urban unemployment, it is the lowest August — EVER!

As we could see from the BVC's Twitter account, the Asobolsa event in Cartagena was a day of soundbites and few ideas or solutions.

Many Colombians who — even after working tirelessly day after day — do not know what it is like to enjoy a pension, salary, paid vacation, or being eligible for a loan.

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.

Export data for September disappointed once again, but unemployment data is trending favorably - and tax reform passed!

It is doubtful that in 1603 that Mr Shakespeare was thinking of COVID when he sat down to write Hamlet however that doesn't mean his words aren't valid for today's circumstances.

According to Fitch Ratings, the Coronavirus COVID-19 Pandemic is causing a contraction in Colombia's economy, and severe fiscal pressure on the government.

"The forecasts for 2018 and 2019 are promising and are supported by stronger growth in Colombia’s trading partners,” stated ECLAC in its mid-year regional breakdown.