25 December 2011

COLOMBIA : Q3 Growth At 7.7%....Fastest Since 2006.


      A news nugget lost in all the pre-Christmas madness.
      In Q3...Colombia's GDP grew at 7.7%...its fastest pace since 2006...surprising all analysts.
      A Bloomberg survey forecast was for...6% annual growth.
      “Colombia’s growth momentum is much stronger than anywhere else in the region," reports a Goldman Sachs economist.
      “Other business cycles like in Chile and Brazil were maturing early in the year and now are on the downward part of the cycle. You didn’t see a V-shaped recovery in Colombia, so they’re in great shape.”