TAG: Economy
Following a landslide victory in July of last year, the administration of President Andrés Manuel López Obrador (widely known as AMLO) came to power in December 2018 with a promise to reform the economy through more inclusive growth, as well as by giving the government a more prominent role in setting the country’s growth agenda. In a highly dynamic political and economic environment, respondents to the fourth OBG Business Barometer: Mexico CEO Survey remain cautiously upbeat about this new normal. The government may have changed but, for the most part, the priorities of the private sector have not.
Though there is broad agreement that Colombia faces many structural challenges, the overall outlook for the economy is positive. Of the C-suite executives interviewed in the OBG Business Barometer: Colombia CEO Survey, 91% indicate that they feel positive or very positive about local business conditions in the coming 12 months. Underpinning this positive sentiment is Colombia’s rise in prominence on the global platform amid the ongoing crisis in Venezuela. However, CEOs note that infrastructure will remain a priority for the country’s development, with the majority (51%) stating road infrastructure as the most crucial.