Risks remain even as oil rebounds and will low debt lift Columbia?

By Blu Putnam, Chief Economist & Erik Norland, Senior Economist, CME Group

Risks Remain Even As Oil Rebounds from Lows

• US shale producers slowed drilling of new wells as prices fell.
• Supply-demand may not be as well balanced as market indicates.
• Will Saudi-Russia production cuts hold as prices rebound?
• Oil prices still dependent on full recovery of global economy.

Colombia: Can Low Debt and Rates Spur Growth?

• Colombia’s low debt and interest rates could help spur growth.
• Colombia’s peso has held up well despite poor commodity prices.
• Central bank can potentially cut rates by 100 basis points over time.
• Colombia’s yield curve has steepened in a positive sign for growth.