The hoped-for Colombian oil boom may ultimately prove nonexistent due to a variety of endemic problems, including low oil reserves.
Economic decline in dominant industries, worsening security in major urban centers, and high profile corruption accusations will continue to hinder development in Latin America in 2016. In the Latin American
Colombia could see the rise of a firebrand leftist leader, much like Venezuela, Ecuador and Bolivia. The country has all the fundamentals: a political spectrum leaning strongly to the right,