ECONOMIC OUTLOOK

Colombia was the fastest growing country in Latin America (and third in the world) during the first half of 2014. The country is currently experiencing impressive growth in a wide array of industries, such as construction which is growing at over 10% a year. Total commerce has grown by almost 5X over the past 10 years. Colombia has recently been the subject of numerous positive articles in the global media, including in the Wall Street Journal, “Investors can’t get enough of Colombia” and the Spanish newspaper El País, which dubbed it “the most promising country in Latin America”. Furthermore, recent stability in the government has led to increased foreign investment. For these reasons and more, global companies should develop a unique Colombian investment thesis to complement their overall Latin American strategy.

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