The Ups and Downs of 3Q

COLOMBIA - Report 16 Dec 2014 by Veronica Navas and Mauricio Santa Maria
Colombia’s GDP expanded by 4.2% in 3Q; while the economy is slowing relative to a more dynamic first half of the year, it is still in good shape vis a vis the rest of the world, and set to grow by close to 5% by the end of the year (Figure 1). The most vigorous sector continues to be construction; up by 12.7%. This is the result of both booming public works, which expanded by 11.1%, as well as housing construction, up by 14.1% (Figure 2). The construction of public works is mostly fueled by public investment, both at a central and local government level. GrapH 1 Total GDP (annual variation ...

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