OECD Economic Outlook, Volume 2016 Issue 1
The OECD Economic Outlook is the OECD's twice-yearly analysis of the major economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, prices, fiscal and current account balances.
Coverage is provided for all OECD member countries as well as for selected non-member countries. This issue includes a general assessment, a special chapter on promoting productivity and equality, a chapter summarising developments and providing projections for each individual country and a statistical annex.
Colombia
Economic growth will continue to moderate in 2016, reflecting weak external conditions, low commodity prices and a slowdown in internal demand, but it will strengthen to 3% in 2017, as external demand recovers and the government’s infrastructure agenda is implemented. The current account deficit remains high and inflation is accelerating due to exchange rate depreciation and rising food prices resulting from El Niño. As the effects of these shocks dissipate, inflation will gradually come down in 2017.