Key insights
- Colombia's Q1 GDP growth is expected to slow to 2.2%, according to a Reuters poll, with weaker growth anticipated in 2026 and 2027. Declines in agriculture, oil, and mining are contributing factors. While the direct impact on U.S. equities is limited, it signals potential weakness in emerging market economies, which could indirectly affect global growth sentiment.
BOGOTA, May 8 (Reuters) - Colombia’s economy likely slowed its growth rate during the first quarter of the year, amid uneven performance across different sectors, showed a Reuters poll on Friday. It also indicated deteriorating expectations for growth in 2026 and 2027.
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The median estimate from 15 analysts polled showed Colombia’s gross domestic product (GDP) likely grew 2.2% for January through March, down from 2.6% in the same period last year.
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The poll’s median estimate was slightly above the central bank’s technical team’s forecast of 2.1%, which was revised this week from a previous estimate of 3.2%.
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Growth expectations for 2026 fell to 2.5% from 2.8% in the previous survey; while predictions for 2027’s economic growth declined to 2.3% from 2.8%.
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Agriculture, oil and mining production were expected to hit their lowest levels in over a decade, while construction was forecast to also show limited growth, said Camilo Perez, director of economic studies at Banco de Bogota.
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Consumption was expected to report strong numbers and public sector employment helped offset weak sectors, Perez said.
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Colombia’s statistics agency DANE will publish first-quarter GDP data on May 15.