Fiscal deficit would reach 7% of GDP and debt 66% in 2026, according to Bancolombia report
The economic outlook for Colombia in 2026 begins to adjust. Bancolombia's Directorate of Economic, Sectoral and Market Research...
TL;DR
- Bancolombia lowered Colombia's 2026 GDP growth forecast to 2.9% from 3.2%.
- Inflation is projected to reach 6.4% in 2026, above the central bank's target range.
- The fiscal deficit is expected to reach 7.0% of GDP and public debt 66% of GDP in 2026.
- Private consumption and public spending are key growth drivers, while investment remains subdued.
- The exchange rate is projected to average $3,750 Colombian pesos per dollar in 2026.