EFTA Document EFTA01379450

11 December 2017 Special Report: EMFX Outlook 2018: Growth-led Revaluation CU The Colombian peso faces a challenging domestic and external scenario. In addition to the already familiar twin deficits on the fiscal and current accounts, the Colombian economy faces a low- confidence environment as well as a challenging election ahead. Towards the end of 2017 growth has somewhat picked up and inflation has eased. In 2018 growth is likely to somewhat strengthen yet the peso's volatility is