The Colombian economy posted a growth of 2.1% in the second quarter of 2025, slightly lower than the 2.7% in the first quarter, according to data presented by DANE. Despite the slowdown, the six-month growth of 2.4% is considered acceptable and reflects a recovery that is progressing cautiously. The director of DANE, Piedad Urdinola, noted that variations in the calendar, such as the occurrence of Holy Week, influenced the pace of the economy. Even so, private consumption remains a solid pillar despite high interest rates. Camilo Pérez, from Banco de Bogotá, highlighted the dynamism of trade and services, although he noted the lack of the necessary push for sustained growth.
On the other hand, investment remains stagnant, which concerns analysts due to its impact on future production. Jackeline Piraján, from ScotiaBank Colpatria, stressed that investment represents less than 17% of GDP, a low level compared with pre-pandemic times. Residential building construction, for example, fell 9.7% during the quarter, affecting economic momentum. Additionally, sectors such as agriculture and mining are showing signs of weakening, limiting enthusiasm about the economy. Andrés Langebaeck, from the Bolívar Group, expressed his concern about supply-side behavior more than demand, which could affect the local capacity to meet growing consumption.
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