October 23, 2021

IMF believes unemployment rate in Colombia will be the highest in South America in 2021

IMF believes unemployment rate in Colombia will be the highest in South America in 2021


RIO DE JANEIRO, BRAZIL – The International Monetary Fund (IMF) has published its forecast for the development of the unemployment rate in Colombia in 2021 as part of its update of macroeconomic projections.

According to the IMF report, Colombia’s unemployment rate will end the year at 14.5%.

Read also: Check out our coverage on Colombia

The IMF’s vision, if true, would leave Colombia with the highest unemployment rate compared to its peers in South America (not including Venezuela).

It should be recalled that the IMF raised Colombia’s GDP forecast . . .

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