1945

The Colombian economy grew by 2.5% in 2008, a lower rate than the sustained growth of recent years. Indicators of economic activity began to show signs of weakness as early as the first quarter of 2008 and this trend intensified throughout the year as a result of the international financial crisis, as well as some internal factors. The growth rate for the first quarter of 2009 (0.6%) points to an economic contraction in relation to the same quarter in 2008. On that basis, the ECLAC forecast is that the rate for the year will stand at 0.6%.

Related Subject(s): Economic and Social Development
Countries: Colombia
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