Multi-party coalition likely to support Colombian president-elect

Coalition to back fiscal reform but temper hostility to FARC peace accord Arthur Dhont, Senior Country Risk Analyst, Latin America, IHS Markit On 17 June, Colombians voted in the second round of the presidential election between Democratic Centre (Centro Democrático: CD) candidate Iván Duque and Colombia Humana candidate Gustavo Petro. Incoming president Iván Duque is likely to form a multi-party coalition similar to the outgoing National Unity coalition of President Juan Manuel Santos, leading to a stable government. The coalition is likely to broadly support the government’s economic indicatives of tax cuts, tax-evasion reduction, and limited austerity. Coalition allies are likely to be more guarded in supporting anti-corruption initiatives, particularly if they threaten vested interests. Duque will likely struggle to […]


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Global Tourism Industry on Track for Full Recovery by 2024

The global tourism industry is set to reach, and possibly surpass, pre-pandemic levels by the end of 2024, according to the World Economic Forum (WEF). Five years post-COVID-19, the sector is experiencing a robust resurgence driven by a surge in international travel, improved air connectivity, and strong rebounds in key regions. However, global dynamics must be managed carefully to ensure stable and continuous growth. In 2023, international tourism reached 88% of its 2019 levels, a significant recovery favored by the reopening of Asian markets, as highlighted by the United Nations World Tourism Organization (UNWTO). The Middle East led the way, surpassing pre-pandemic levels by around 20%, with Europe, the Americas, and Africa following close behind at approximately 90% of their […]