Back

Latinnews Daily - 16 February 2018

In brief: Colombia

Colombia: Colombia’s national statistics agency (Dane) has released new figures which show the Colombia's domestic economy grew by 1.8% in 2017, above the 1.6% forecast by local analysts but down from 2% in 2016. Five of nine economic sectors showed positive growth, with three – agriculture, cattle, hunting, forestry & fishing (4.9%), financial institutions & insurance (3.8%), and community & social services (3.4%) – registering activity above the average growth rate. The fourth quarter of 2017 registered a variation of 1.6%, compared with 1.8% in the same quarter the previous year. In a press release the trade, industry & tourism minister, María Lorena Gutiérrez, noted that “2017 wasn’t just a difficult year for Colombia”, citing a drop in demand from the main consumer countries and a fall in the prices of many primary goods. Noting that international oil prices had only begun to recover at the end of last year, Gutiérrez said that Colombia's economy would recover in 2018. 

End of preview - This article contains approximately 166 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.