Ahead of presenting Colombia’s worst economic growth rate since the banking crisis, the country has prepared an economic strategy to “rebound” from the burst commodity bubble. For years, Colombia was able to present…
The Organization for Economic Cooperation and Development (OECD) downgraded Colombia’s expected economic growth prospects in 2016 and 2017 in its semi-annual Global Economic Outlook released on Monday. The OECD, into which…
Colombia’s gross domestic product will grow between 1% and 3% in 2017, the central bank said in its quarterly inflation report on Friday, with 2% growth being most likely. The…
Colombia lowered its expected economic growth rate for 2016 on Tuesday, a day after the country’s statistics agency announced GDP growth had dropped to a level unseen since the 2009…
Colombia’s gross domestic product (GDP) grew 2% in the second quarter of this year, a full percentage point less than in the same period last year and the lowest growth…
Colombian Finance Minister Mauricio Cardenas cut the government’s oil price forecast, saying this could spell more austerity measures in order to meet the country’s fiscal deficit goal.
Colombia’s economic growth is likely to slump to 2.7% this year and should prepare for an “extended period” of economic slowdown, the International Monetary Fund (IMF) said Friday.
A peace deal with FARC rebels could triple foreign direct investment in Colombia and boost its potential economic growth from 4% to 5.9%, according to the government’s planning department DNP.
Due to a weak peso and falling oil revenue, Colombia’s external debt has grown to more than one third of the country’s entire Gross Domestic Product.