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COLOMBIA: July Economic Activity Expected At 1700BST

COLOMBIA
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  • Economic activity data for July will be released at 1700BST(1200ET), with analysts expecting growth to rebound by +2.0% y/y, following a 1.1% y/y contraction the month before.
    • July Economic Activity NSA YoY, est. 2.0%, prior -1.1%
  • On the fiscal front, Finance Minister Bonilla said that the government will not change the proposed 2025 budget value, following the rejection of the budget proposal by the economic committees of congress last week. Bonilla has previously said that the budget will be passed by decree if no agreement is reached.
  • Meanwhile, the OECD said in a report yesterday that the government should reform the tax system to boost growth. The government should improve compliance and rebalance the tax burden from corporate to personal income, while reducing business informality and regulatory barriers could also help to boost private investment, it said.
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  • Economic activity data for July will be released at 1700BST(1200ET), with analysts expecting growth to rebound by +2.0% y/y, following a 1.1% y/y contraction the month before.
    • July Economic Activity NSA YoY, est. 2.0%, prior -1.1%
  • On the fiscal front, Finance Minister Bonilla said that the government will not change the proposed 2025 budget value, following the rejection of the budget proposal by the economic committees of congress last week. Bonilla has previously said that the budget will be passed by decree if no agreement is reached.
  • Meanwhile, the OECD said in a report yesterday that the government should reform the tax system to boost growth. The government should improve compliance and rebalance the tax burden from corporate to personal income, while reducing business informality and regulatory barriers could also help to boost private investment, it said.