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Colombia Recovery
-5.2%
Real Wage Growth (USD)
+9.0%
Unemployment
+5.0%
Default Rate
Post-crisis recovery phase with improving conditions. Used for modeling crisis followed by normalization.
Rationale:
- COP stabilizes (4% depreciation) as confidence returns
- Inflation moderates (4.5%) toward target
- Nominal wage growth (6.6%) allows real wage recovery
- Real wage growth (2%) as economy rebounds
- Employment conditions improve gradually
Wages
Nominal Wage Growth
+3.0%
Local Inflation
+4.5%
USD Appreciation
+4.0%
Employment
Unemployment Rate
9.0%
Defaults
Default Rate
5.0%