While Colombia’s President Gustavo Petro initially made a promising start to his tenure, his recent interventionist comments have led to a sharp sell-off in local financial markets. Regaining investors’ trust while navigating the economy through a period of weaker growth will prove to be one of the biggest economic challenges facing Petro and there’s a risk that he is not willing to step up to the plate, which could lead to more disorderly moves in the currency.
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