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Moody’s Expect Debt To GDP Ratio To Exceed 55% This Year

COLOMBIA
  • Moody's sovereign analysts spoke on Colombia's fiscal outlook earlier, noting that they expect the fiscal deficit to exceed the government’s 5.3% of GDP estimate this year. This would lift the debt to GDP ratio above 55%, according to Bloomberg.
  • They noted that the wider deficit may be caused by a higher interest burden in the context of a volatile currency and interest rates that fall at a slow pace. The economy is expected to grow 1.3% this year and 2.5-3% next, as investment and consumption recover.
  • Any change to the country’s Baa2 sovereign rating will first address the outlook, which is currently rated as stable.

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