Finance Colombia » Colombia GDP

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Rightwing Candidate Iván Duque Wins Election to Become Next President of Colombia

Iván Duque won convincingly in a second-round run off election over leftwing candidate Gustavo Petro, a controversial former M-19 guerrilla member.

Posted On June 17, 2018

, By Jared Wade

Gustavo Petro and Ivan Duque, the left and right coalition candidates in the 2018 presidential election in Colombia. (Photo credit: Prensa de Bogotá / Leoboud)

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Colombians Head to the Polls to Elect New President in Run-Off Vote Between Duque and Petro

Colombians today will put either rightwing candidate Iván Duque or leftist Gustavo Petro in office for the next four years.

Posted On June 17, 2018

, By Jared Wade

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Iván Duque, Colombia’s Front Runner for President, Wants to Get Back to 5% GDP Growth and Cut the Corporate Tax Rate Below 30%

Duque says that tax reform to cut the corporate rate below 30% is one of the ways Colombia can get back to 5% annual GDP growth.

Posted On May 16, 2018

, By Jared Wade

mauricio cardenas colombia finance minister tax reform ecopetrol

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Colombian Finance Minister Lowers Forecast for Colombia GDP Growth to 2.0% for 2017

"These forecasts for Colombia's growth are much higher, compared to the other scenarios in Latin America," said Cárdenas.

Posted On July 26, 2017

, By Jared Wade

The latest IMF World Economic Update forecasts Colombia GDP growth to hit just 2.0% for the second straight year. (Credit: IMF)

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IMF Once Again Lowers Forecast for Colombia’s 2017 GDP Growth to 2.0%

Last July, the IMF forecasted Colombia's GDP to grow by 3.0% in 2017. In October, that figure fell to 2.7% then, in April, it was cut again to 2.3%. Now it sits at 2.0%.

Posted On July 25, 2017

, By Jared Wade

china latin america economy fitch ratings

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Latin American Economy Is Improving but Significant Risks Persist, Particularly from China Slowdown

"Latin American economies remain vulnerable to a sharp deceleration in the Chinese economy and its knock-on effects in commodity prices," said Rui J. Pereira of Fitch Ratings.

Posted On July 23, 2017

, By Jared Wade