Colombia’s president was Wednesday optimistic about the overall economic growth results for 2012. In spite of predictions as low as 2.8%, Santos believes growth could exceed 3.8%. “Tomorrow we will know the economics growth...
Colombia has recorded a strong increase in crude oil production in February, despite continued rebel attacks on energy infrastructure, the government announced on Wednesday. The Ministry of Mines and Energy reported that total...
Colombian president Juan Manuel Santos urged the country’s central bank to lower its interest rates in response to an economic slowdown. MORE: Colombia suffers lowest 3rd quarter GDP growth rate in 7 years: DANE “I believe...
Colombia’s GDP suffered an extreme slowdown in the third quarter of 2012 growing just 2.1% — a five percent drop from last year’s numbers. According to DANE [The National Administrative Department of...
Colombia is set for a record breaking year in foreign investment as the total reaches over $15 billion from January to November of 2012, local media sources reported Sunday. Colombian news outlet Portafolio reported that...
The international economic crisis slowed down Colombia’s manufacturing industry, resulting in an increase of just over 1% in the first half of 2012, compared to 6.5% in the same period last year, according to a survey by...
Colombia’s industrial growth in the second half of 2011 exceeded that seen in Latin America by 5.9%, according to the Joint Industrial Opinion Survey, reported Colombian investment website Portafolio Thursday. The report...
The International Monetary Fund (IMF) predicts strong overall economic growth for Colombia in 2011, to be surpassed only by that of Peru and Chile, according to a report released Friday. According to the IMF’s most recent...
The benchmark interest rate was raised by 25 basis points to 3.75% and growth forecast by 50 basis points to between 4% and 6% by the board of directors at Colombia’s Central Bank Friday. The Central Bank said that its new...
Colombia’s retail sales and industrial output rose in February. Retail sales increased 13.2% in February from a year earlier while industrial output climbed 2.4%, the government’s statistics agency, known as DANE,...
Colombia’s economy looks set to expand as much as 5.5% in 2011, overtaking the Central Bank’s original economic growth projection of 4.5% for this year, according to Central Bank President Jose Dario Uribe. Uribe attributes this...
Colombian port town Cartagena continues to improve its thriving tourism industry, according to a press release from the city’s tourism corporation. A meeting of the Tourism Corporation reviewed the progress of the...
