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Colombian stock market a surprising star

Monday, March 14, 2016

Colombia is suffering from stagflation, but you wouldn’t know it from the performance of the local stock market.

This South American oil-exporting country faces rising inflation and weak economic growth amid a drop in the value of the peso, a decline in real incomes, and a rise in food prices due to drought. But the seemingly dire economic situation is not reflected in equity prices, which are up 12 percent so far this year.

Source: Barrons