Colombia’s economy rebounded faster than expected in the third quarter led by the retail sector and manufacturing, keeping the country on track for its fastest growth in decades this year. . Gross domestic product expanded 5.7% from the previous three months, the national statistics agency said Tuesday....
1. What is the current business climate in your jurisdiction including major political, economic and/or legal activities on the horizon in your country that could have a big impact on businesses? The pandemic has been slowly clearing up although there is still some uncertainty, especially generated...
Colombia's economy grew 1.1% in the first quarter of 2021 compared with the year-earlier period, the government said on Friday, as certain sectors reopened despite the ongoing coronavirus pandemic. The expansion handily beat median predictions from analysts, who forecast the Andean country's gross domestic product...
Colombia's government and the FARC rebel group signed a revised peace accord Saturday after years of negotiations and a half a century of conflict. Colombian President Juan Manuel Santos announced the new deal in a TV address Saturday evening, saying it will build a "broader, deeper...
The double taxation agreement will support greater trade, investment and tax cooperation between the two countries. The governments of the United Kingdom and Colombia have today (Wednesday 2 November) signed a double taxation agreement (DTA). The agreement was signed by the Financial Secretary to the Treasury, Jane...
Peace is within Colombia’s grasp. Bringing an end to an armed conflict that has gripped the country for over 50 years and affected the lives of three generations, is more than just good news for Colombians. An enduring peace will form the solid ground for...
Despite the lackluster economic growth expected for Colombia in 2016, the homebuilding sector is one very bright spot, according to a new Fitch Ratings report. Its analysis, “Colombian Homebuilding: Cementing Growth,” says that the sector has grown 6.3% on average each quarter for the past five...
The term ‘emerging markets’ describes economies which are growing at a fast pace and working to make their economic progress more sustainable. From an investment perspective, the stock markets of these countries are more volatile than the mature markets of developed countries but offer higher...
The industrial recovery seems to have started in Colombia as retail sales grew above expectations and the negative effects on industrial production of Ecopetrol’s refinery are over. On the other hand, Brazilian economic activity contracted 0.8% MoM in August, reinforcing the view that GDP will...
2Q growth led by 8.7% expansion in construction sector Growth outpacing most other major Latin American economies Colombia’s economy expanded more than expected in the second quarter, as a boom in the construction industry prevented a deeper slowdown in the broader economy amid falling commodities prices. Gross domestic...
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