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Central Bank Chief Expects 10%+ Economic Growth in 2021

COLOMBIA
  • Colombia finance minister Restrepo stated that anti-cyclical spending is allowing Colombia to estimate a recovery speed of economic growth reflecting its pre-pandemic trend next year.
  • Central bank chief Villar then said the bank is focused on maintaining low interest rates, with the economy expected to grow at rates of 10% or more in 2021.
  • Colombian Oil Output Fell 0.5% M/M to 740,265 B/D in October. Production was down 1.5% from the same month in 2020, the Energy Ministry said in a statement Thursday. (BBG)

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