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The Colombian economy is expected to have grown 2.3% to 3.1% in the first quarter of the year, the Central Bank said in a report released Wednesday.
The Central Bank said the economic-growth estimates for the first quarter represented a “small expansion” from the last quarter of 2009. “It situates the Colombian economy in a path of moderate economic growth,” the central bank said.
For all of 2010, the Colombian economy could expand between 3% and 3.5%, an adjustment from the previous estimate of 3% growth mentioned by central bank chairman Jose Dario Uribe last week.
Colombia’s gross domestic product grew 2.5% in the last quarter of 2009 and 0.4% for the whole year.
(Darcy Crowe, Dow Jones)
