Colombia Markets Rally on Far-Right Election Lead

Colombian markets are expected to rally following the first-round presidential election results, where pro-market candidate Abelardo de la Espriella took a surprise lead. He faces a June 21 runoff against far-left candidate Iván Cepeda, but polling flows suggest Espriella is better positioned to win.

Key Takeaways

• 1.Far-right candidate Abelardo de la Espriella led the first round of the Colombian presidential election with 43.7% of the vote, exceeding poll expectations.
• 2.De la Espriella will face far-left candidate Iván Cepeda (40.9% of the vote) in a second-round runoff on June 21.
• 3.De la Espriella's economic platform includes a 7% annual growth target, a 70 trillion peso fiscal adjustment, and reducing the state size by 40%.

Table of Contents

• LATAM MACRO SNAPSHOT
• Colombia- Markets will rally as far-right takes lead
• Disclaimer

Document Preview

Page 1 of 2

Subscribe for full accessStart Free Trial