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World Leaders Rail Against Protectionism During APEC Economic Summit Featuring Santos, Obama, Putin

"For anybody who wants to promote protection, I suggest they read an economic history of the 1930s," said Peruvian President Kuczynski.
Posted On November 19, 2016
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colombia peso
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Colombia Is Introducing New 5,000 and 2,000 Peso Bills into Circulation

The 5,000 peso note is already in use, and the 2,000 redesign will begin circulating on November 29.
Posted On November 17, 2016
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colombia inflation colombian peso
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Colombian Peso Takes Big Hit in the Wake of Donald Trump Election

The Colombian peso began depreciating in the lead up to the U.S. presidential election and took a big tumble today.
Posted On November 10, 2016
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Donald Trump Wins U.S. Presidential Election and Causes Chaos in Global Markets

We know Donald Trump has won. What comes next for the global economy is anyone's guess.
Posted On November 9, 2016
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colombia inflation rate DANE 2016
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Colombia Inflation Rate Falls to 6.48% in October

The new 6.48% rate is the lowest seen since November 2015 — and a huge drop from the 8.97% high in July.
Posted On November 8, 2016
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Banco de la Republica, the central bank of Colombia, in Bogotá.
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Central Bank Downgrades Forecast for Colombia’s 2016 GDP Growth to 2% and Expects the Same in 2017

"The slowdown in output and lower external imbalance reflect the adjustment required in the Colombian economy," said the central bank.
Posted On November 4, 2016
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The Size of the Middle Class Has Doubled in Latin America Over the Past Decade

While 186 million people in the region can now be considered middle class, progress is slowing.
Posted On October 25, 2016
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bancolombia medellin
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Bancolombia: Colombian Economy Is Currently Bottoming and Set for a 2017 Turnaround

If the story plays out as expected, Bancolombia believes that 2015 and 2016 will end up being bumps in the road in an ongoing growth trajectory.
Posted On October 21, 2016
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Banco de la Republica, the central bank of Colombia, in Bogotá.
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Colombia Central Bank Holds Interest Rate at 7.75% for Second Straight Month

This marks the second straight month with no intervention, putting a definitive end to the prior 11 months of rate hikes.
Posted On October 4, 2016
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The Economic Fallout of Colombia Rejecting Peace

The biggest risk for the economy is that Santos has now lost too much political capital to get tax reform passed this year.
Posted On October 3, 2016
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