In mid-December 2015 Qatar’s Ministry of Development Planning and Statistics cut the country’s GDP forecast for the year to 3.7%, down by nearly half from an earlier prediction of 7.3% and the 6.1% recorded in 2014.
Economy
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Articles & Analysis | Balancing act: from The Report: Colombia 2016
The economy has largely outperformed its neighbours in Latin America in terms of GDP performance in recent years. The global economic slowdown has affected growth, yet Colombia’s economy grew by 4.6% in 2014, compared to an average of 1.4% in the region. A settlement with the country’s largest rebel group is expected to lead to a peace dividend for...
Articles & Analysis | Colombia in figures: from The Report: Colombia 2016
Articles & Analysis | Oil prices and economic changes strain Columbia's budget from The Report: Colombia 2016
Mauricio Cárdenas, minister of finance and public credit, has acknowledged that the Colombian budget for 2016 is under pressure. In November 2015 in a statement to the press he calculated that as a result of the drop in international oil prices the government would face a revenue shortfall of COP20.3trn ($7.5bn) in the period between 2013 and...
Articles & Analysis | Government making major improvements to Colombian economy from The Report: Colombia 2016
In late October 2015 the World Bank released its report “Doing Business 2016: Measuring Regulatory Quality and Efficiency”, which ranked a total of 189 countries worldwide for the ease with which 10 specific business processes can be performed. They are: starting a business, dealing with construction permits, getting electricity, registering...
Interviews & Viewpoints | Luis Fernando Castro, President, Bancóldex: Interview from The Report: Colombia 2016
What progress has been made in the promotion of entrepreneurship and businesses in Colombia? CASTRO: One of the government’s most important achievements was the creation three years ago of iNNpulsa Colombia, a programme designed to promote business growth driven by innovation. This programme consists of three main goals: to foster...