Colombia's 9.4% Deficit Rattles Wall Street, Peso Slumps 2.1%

Colombia's newly revealed public deficit of 9.4% has triggered significant market turmoil, causing the peso to decline 2.1% and prompting one of the year's largest selloffs in Colombian assets on Wall Street. The disappointing fiscal figures from the incoming government have rattled investor confidence in the country's economic outlook. This sharp market reaction underscores growing concerns about Colombia's fiscal sustainability and monetary policy challenges.