Colombia economy grew 7% in Q3, beating expectations

2022.11.15 12:13

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Colombia economy grew 7% in Q3, beating expectations

Budrigannews.com – Colombia’s economy grew 7% in the third quarter, the government’s DANE statistics agency said on Tuesday, exceeding market expectations of 6.7%.

In a Reuters poll last week analysts said they expected Latin America’s fourth-largest economy to see slowing growth amid moderating domestic consumption, rampant inflation and rising interest rates.

The economy grew 1.6% in the third quarter versus the second quarter, DANE said.

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Colombia economy grew 7% in Q3, beating expectations