Author(s) / Editor(s): 
Juan José Echavarría (Editor)María del Pilar Esguerra (Editorial Council)Jorge Toro (Editorial Council)Yanneth Rocío Betancourt (Editorial Council)Benjamin Russell (English Version)

2019: Consolidating Recovery - Governor’s Report March 2019


Colombia’s economy expanded by 2.7% in 2018, gaining momentum after a period of deceleration in which the annual growth rate fell from 4.7% in 2014 to 1.4% in 2017. While growth was still below potential (estimated around 3.3%), the uptick in 2018 suggests the groundwork for Colombia’s economic recovery has been laid.

Sound macroeconomic policy aims to cushion dips in economic activity during periods of deceleration and promote it during periods of recovery. That’s why it’s so important to identify the reasons for Colombia’s turnaround in 2018, and identify both the risks and opportunities that may lie ahead.

This content has been translated into English for informational purposes. Upon any query regarding its interpretation or enforceability, the Spanish version shall be deemed official, and will prevail over the English version. The authors of specific texts such as working papers or articles select the language of publication; therefore, there might be cases in which the content may only be available in English.