Post-Bonanza Living

COLOMBIA - Report 24 Mar 2015 by Veronica Navas and Mauricio Santa Maria

Executive Summary

The economy slowed in Q4, with GDP at 3.5% falling short of the government’s 3.8% projection. That took 2014 growth down to 4.6%, from 4.9% in 2013. The main activity drivers continued to be construction (up 5.9%) and commerce (4.5%), followed by government expenditure (social services, up 4.2%) and financial services (4.1%). Unsurprisingly, mining underperformed, shrinking by 3.3%, due to the 0.3% contraction in oil GDP, and a 17% fall in coal GDP. Manufacturing has remained in negative territory, contracting by 0.3%. Commerce, the most important activity dri...

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