BMI Research: Colombia Defence & Security Report: Industry Forecast Scenario.

The article focuses on the forecast for Colombian economy and military expenditure in 2011. It states that despite pressure for fiscal austerity and less U.S. assistance, military budget is unlikely to decline due to the country's economic stability. Meanwhile, consumer price inflation (CPI) will slow by 2.8% and the Banco de la Republica (BanRep) is expected to retain policy rate at 3.00%. Moreover, private credit growth is expected to recover to 3.6% and thus will upside the inflation.