Business confidence in Colombia dipped in January on COVID containment measures

Latin America’s fourth-largest economy contracted a historic 6.8% last year.

RIO DE JANEIRO, BRAZIL - Business confidence in Colombia experienced a slight decline for the second consecutive month in January due to the impact of confinement measures used by authorities to control a second wave of the coronavirus, the government said on Friday, February 19th.

The business confidence index fell 0.12% to 48.7% in January, the government’s DANE statistics agency said.

Colombia’s biggest cities declared neighborhood lockdowns during the last days of December and the start of January, as well as curfews and restrictions on movement to contain a second wave of the pandemic.

Business owners’ outlook . . .

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