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Oil prices will hit Colombian growth, says IMF

Tuesday, June 9, 2015

The sharp drop in oil prices poses significant challenges to Colombia’s near-term outlook, but strong economic policies are expected to moderate the growth slowdown in 2015, said the IMF in its annual assessment of the Colombian economy.

A subdued outlook for investment, especially oil-related, and private consumption and a tightening of planned public spending will cause growth to slow to 3.4 percent in 2015, which would still compare favorably with most other countries in the region.

Source: International Monetary Fund