Only if Colombia is able to continue to grow like it did last year for a period of 25 years, by the year 2038 it will be considered a middle-income country and the country could move to the third place in the Americas when it comes to competitiveness.The Colombian government already announced 15 specific actions needed to ensure a continuation of the economic growth, that’s already showed a slight stagnation, because of the inflation and the economi insecurity in the U.S.In a Conpes document released Tuesday, the government stressed the need to simplify the tax system and, among other things, increase prosecution for tax evasion.
Colombia needs 25 years of growth to outgrow being a third world country
