Colombia’s economic outlook darkens: report
Colombia’s economy is facing a bleak few years before it’ll be able to crawl out of its economic slump, according to a newly released report.
Colombia’s economy is facing a bleak few years before it’ll be able to crawl out of its economic slump, according to a newly released report.
Colombia’s education minister came in for severe criticism from the Organization for Economic Co-operation and Development (OECD) on Thursday at the presentation of a report on education in the South American country.
Spending cuts worth 6 trillion pesos ($1.8 billion) will likely be insufficient for Colombia to meet its 2016 fiscal goals, economists and investors say, arguing that more may be needed…
Colombia’s unemployment rate rose 1.1 percentage point to 11.9% in January compared to the same month last year, according to the country’s statistics agency.
Colombia’s 2015 exports plummeted 34.9% compared to the year before. The drop is partly due to a steep drop in the price of oil, Colombia’s main export product.
Colombia’s central bank raised its benchmark lending rate a quarter point on Friday to put the brakes on accelerating inflation and bolster credibility with investors who feel it should have…
The government presented a bill to Congress on Wednesday proposing that the debt ceiling be raised by $13 billion in order to finance social investment projects.
Colombia’s finance ministry has cut $3 billion from the government’s $74.3 budget for 2015 to avoid this year’s deficit exceeds 3% of the country’s GDP.
Colombia’s health, infrastructure and education sectors, among others, continue to fail in terms of international competitiveness, a report by a local economic think tank said.