Colombian Consumer Spending Set For Lower Long Term Growth But With Risks To Upside

The consumer picture in Colombia looks relatively positive over our five year forecast period. A reduction in credit, higher unemployment and high personal debt levels mean that the pace of growth is likely to be lower than that witnessed in the boom years leading up to the global financial crisis. However, with strong fundamentals and indications of growth starting to re-emerge Colombian consumers look set to continue steadily increasing the amount they spend, with positive implications for the food and drink

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