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A political crisis threatens Colombia’s recovery in 2021
One challenge governments will face in the aftermath of the Covid-19 pandemic is to return the economies to a sustainable growth path. In the case of Colombia, real GDP grew by 1.1% in Q1-2021 in comparison with the same quarter last year, representing a considerable recovery from a decline of almost 4% in Q4-2020. However, weakening public finances, social protests and a political crisis could undermine GDP growth in 2021. In this Macro Flash Note, Joaquin Thul looks at the recent events.