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Colombia's economy slows amid budget crunch

Monday, August 31, 2015

Based on statistics available through March of 2015, Colombia’s industrial sector has experienced a negative annualized growth rate through the previous four quarters, led downward by the petroleum sector.

This has resulted in decreased tax revenues for municipal and state governments, causing a budget crunch and pressures on government budgets throughout the country, says Fitch Ratings.

Source: Finance Colombia