Wednesday, December 24, 2014

Colombia Lowers 2015 GDP Growth Forecast to 4.2% Amid Oil Slump

Colombia’s economic growth will slow to 4.2 percent next year amid lower prices of oil, the nation’s biggest export, according to President Juan Manuel Santos. The government had previously expected the Andean economy to expand 4.8 percent in 2015. Colombia’s gross domestic product will rise 4.7 percent this year, Santos said. That pace would be the fastest among major Latin American economies, according to analysts surveyed by Bloomberg.

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