trending Market Intelligence /marketintelligence/en/news-insights/trending/57LWyOJahjqNPCU-a6_kvg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Colombia's Anif sees 2.5% growth in 2016

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

Online Brokerage Space Should Remain Rich Source Of M&A

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts


Colombia's Anif sees 2.5% growth in 2016

Colombia's association of financial institutions Anifexpects the country's economy to grow by 2.5% in 2016 and 3.4% in 2017, La República reported April 11.

While the anticipated performance is a positive for theregion, it is a major slowdown from the 4.4% growth recorded in 2014, Anif said.

Colombia's economy will be aided by "the expectedrebound of the industry," although it faces a rise in macroeconomicchallenges for the next two years, Anif head Sergio Clavijo noted. Thecountercyclical capacity exhibited by central banks globally is also an issue,Anif said in its analysis.

Finally, Clavijo noted that the sector will have to adapt toincreasing energy prices, which pose a threat to the competitiveness needed toboost exports of Colombia's agricultural and manufacturing sectors, whichcontinue to fall.