2014-02-07 18:01:02 - Colombia Freight Transport Report 2014 - a new market research report on companiesandmarkets.com
We forecast Colombian real GDP to expand by 4.1% in 2013 and 4.3% in 2014, up from 4.0% in 2012.
However, ongoing labour disruptions to exports pose downside risks to our medium-term growth outlook, which also feeds into our forecasts for the country´s freight industry. That said, we maintain a favourable long-term growth outlook, as investment into the infrastructure and oil and gas sectors, combined with a strengthening consumer, will drive robust real GDP growth in the coming years.
We forecast real government consumption growth to moderate from 5.1% in 2012 to 4.0% in 2013 and 3.0% in 2014, as the government remains committed to its fiscal consolidation drive. However, we are seeing increasing scope for the government to increase spending across
several sectors that have had a relatively weak performance in recent months. Indeed, the agriculture sector was hard hit by a strong currency early in the year, which saw exports contract, and drove substantial protests among farmers.
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