Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion
  • About us
  • Support us
  • Contact Us
  • Newsletter
Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion
Economy

Colombia officially in recession

by Adriaan Alsema June 25, 2009

Colombia news - Recession

The Colombian economy is officially in recession, government statistics
agency DANE announced Thursday. The country’s economy contracted for
the second consecutive quarter, this time with 0.6 percent.

In the last three months of 2008, the economy shrunk 0.7 percent.

The official recession does not come as a surprise as figures on the drop of production and export already made an economic growth in this time of global financial crisis very unlikely.

Total exports dropped 13 percent in the first quarter to
$7.5 billion from a year earlier led by oil and nickel. The
urban jobless rate rose to 14.9 percent in January, the highest
level since the same month in 2006. 

It is the first time in ten years the Colombian economy enters recession.

 

Trending

  • Medellin hospitals on brink of collapse amid COVID-19 surge

  • Colombia’s prosecution opens investigation against opposition presidential candidate

  • Bogota announces weekend lockdown, tougher mobility restrictions

Weekly interviews and news updates

  • Facebook
  • Twitter
  • Linkedin
  • RSS

@2008-2019 - Colombia Reports. All Rights Reserved.
Powered by Digitale Zaken and Parrolabs


Back To Top