Manual para la turbulencia
Director de Portafolio06.01.2026 17:19 Actualizado: 06.01.2026 17:20

TL;DR
- Colombia's economy begins 2026 with significant pressures, including a new minimum wage and volatile oil prices impacting fiscal revenues and the dollar.
- Companies are grappling with increased production costs due to volatile exchange rates, structural electricity costs, and uncertainty in gas supply.
- Energy costs, both electric and gas, are a critical factor in competitiveness, affecting industries, commerce, logistics, and agriculture.
- The government's pursuit of liquidity through external debt operations increases companies' exposure to exchange rate sensitivity.
- The central bank's cautious stance on interest rates suggests potential for increases if inflation or fiscal issues worsen.
- Despite the challenging economic environment, periods of turbulence offer opportunities for companies to reinvent themselves and improve productivity.
- Companies should update their 2026 plans with clear scenarios (base, stressed, severe) and conduct realistic reforecasts of expenses and projects.
- Managing energy consumption, identifying inefficiencies, renegotiating contracts, investing in efficiency, and considering self-generation are crucial for companies.
- Success in 2026 will depend on strategic planning, strong metrics, and effective decision-making under pressure, rather than just optimism.