Banco de la República revised down the GDP for 2018 from 2.7% to 2.6%

Banco de la República revised down the GDP for 2018 from 2.7% to 2.6%

The growth of the quarter went from 2.7% to 2.6%, and for the whole year it changed from 2.7% to 2.6%. For its part, by 2019 the technical team contemplates a growth of 3.5%, contained in a range of between 2.5% and 4.0%.

Likewise, given the persistence of the price of oil at levels above US $ 75 per barrel, its forecast for 2018 and for 2019 was increased. Thus, for the 2018 average, a price of US $ 74.5 per barrel and US is expected. $ 73 for 2019.

"There is still a forecast for a price decrease towards the end of this year and especially in 2019, which could be explained by the gradual deterioration of the OPEC agreements, due to the increase in production in the US. and due to lower growth in world demand, "the minutes indicate.

The restriction of oil demand would affect the country's finances, taking into account that it is the leading product of the export basket. Likewise, the brake on world industry also hits the country, since non-traditional exports will be contracted.

The expectation

For experts, the trade war waged by the United States with China, two world powers, will affect the normal development of the world economy.

That fact will affect any economic movement on the planet.

These tensions are felt globally, hence, that investors, literally, are stagnant.

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