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Protests present major challenges for Colombia’s Duque

Wednesday, December 18, 2019

Significance

Almost a month of protests against a range of perceived government failings is putting pressure on President Ivan Duque, already weakened by plunging approval ratings and his party’s loss of its legislative majority in October’s elections. His efforts to allay tensions have yet to bear fruit and fall far short of a list of 13 demands tabled by the National Strike Committee.

Impacts

  • Weaker exports will lead to an increase in the current account deficit.
  • No changes to the policy rate are expected in the short term unless the economic growth disruption from social unrest worsens.
  • Given the multitude of stakeholders and issues in dispute, protests will probably linger for the rest of Duque’s term.
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