Two Colombias, two futures: Inside the runoff election shaping the country’s next decade (opens original article in a new tab)

Colombians face a presidential runoff with two contrasting economic visions, one favoring pro-business reforms and the other emphasizing social spending, as the country grapples with fiscal challenges and the impact of cocaine production.

• Colombian presidential runoff features rightwing candidate advocating pro-business policies and leftist candidate pushing for social spending.
• Outgoing President Gustavo Petro's policies reduced poverty but faced criticism for fiscal deficits and anti-business measures.
• Economic challenges include a severe fiscal deficit and the impact of cocaine production on the country's economy.
• Candidates propose contrasting approaches to managing Colombia's economy and addressing social issues.