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Economy

Colombia central bank survey: Executives see 4.15% GDP growth in ’11

by Newswires March 3, 2011

Colombia news - Central Bank

The Colombian economy will expand 4.15% in 2011, according to a survey of top executives by the central bank.

The figure is at the bottom of the central bank’s official target of 4% to 4.5% growth for 2011. The poll, which was carried out in January, shows that the executives surveyed expect inflation to come in for 2011 within the central bank’s target of 2% to 4%.

Inflation for the last 12 months in Colombia stands at 3.4% while the government expects that the economy expanded 4.5% in 2010.

The poll also shows that the executives expect the peso to close the year at COP1,902.90 against the dollar. On Thursday, the peso traded at COP1,898.60.

(Darcy Crowe, Dow Jones)

Central BankeconomyGDP

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