Colombian economic activity will be in a range between 1 percent contraction and 0.5 percent growth this year, according to the central bank’s September inflation report.
The bank earlier predicted a range between a 0.5 percent contraction and 0.5 percent growth for the Andean country’s economy this year.
Economic activity in the third quarter is seen in a range between contraction of 0.5 percent and 0.3 percent growth, the report said.
Colombian gross domestic product shrank in the last three months of 2008 and in the first half of this year due to fallout from the global economic crisis.