Tuesday, December 1, 2020

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Oil and tourism hit in Colombia

Friday, March 13, 2020


Colombia now has as many as nine confirmed coronavirus victims, but fortunately no deaths.

On the other hand, the country receives slightly more than 50 percent of foreign exchange from petroleum exports, and another significant portion from the growing tourism industry. The Saudi-Russia trade war has halved petroleum prices and the virus is shutting down tourism, Finance Colombia reports.