economy

diciembre 19, 2025

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Director de Portafolio18.12.2025 22:38 Actualizado: 18.12.2025 22:38

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TL;DR

  • Fitch Ratings downgraded Colombia's sovereign credit rating due to high and persistent fiscal deficits, increased debt burden, and challenges to sustainable fiscal consolidation.
  • Recent economic growth is driven more by consumption than investment, indicating an imbalance where demand is strong but the productive capacity is not expanding.
  • Rising energy costs, particularly for gas, are contributing to inflation and may impact future growth due to insufficient exploration and exploitation, alongside delays in environmental licenses and prior consultations for energy projects.
  • The fiscal situation is worsening, with the deficit projected to be around 6.2% of GDP in 2025, and a significant portion of additional spending directed towards operational costs rather than productive investment.
  • Lack of resolution regarding Air-e's accumulated debt to generators and transmitters is cooling real investment in the energy sector, raising concerns about the country's commitment to its financial obligations.