A path to peace through inclusion
As the implementation of the peace accord begins, Colombia’s economy is facing the toughest conditions in many years. After a long period of strong growth, external factors including the apparent end of a long bull market in commodities and a sharp rise in the US dollar have helped slow the rate of GDP growth from an average of over 4% a year during 2001–15 (and record high of an annualised 8% in the first quarter of 2007) to 2% in 2016.
As growth has slowed, the government’s budget deficit has risen sharply to 4% of GDP in 2016, from 2.4% two years earlier. This is a far from ideal base for what should be a significant build out of the Colombian state to meet the terms of the peace accord.
Download the English version via the 'Download' button below, and the Spanish version via the Thumbnail
Veronica specialises in market environment topics. Until July 2014 she was The Economist Intelligence Unit’s commerce and regulations analyst for 29 countries, spanning the Americas, the Middle East, Africa and Australasia.
She has written for various publications at the EIU, on subjects such as financial inclusion, international trade, and public policy aimed at attracting investment and promoting innovation. Since joining the Content Solutions team, she has been leading projects on city competitiveness and technology.
Veronica holds master’s and bachelor’s degrees in international relations from New York University and the University of Pennsylvania, respectively. Before coming to the EIU, she covered industries as diverse as defense, healthcare and mining for a research advisory firm. She also managed accounts for institutional investor clients at AllianceBernstein.