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Slump in prices puts brake on Colombia's growth

Tuesday, June 16, 2015

Colombia's economy grew 2.8% in the first quarter from a year earlier, the government said in line with analyst's expectations but the slowest quarterly growth in two and a half years as lower oil prices put a brake on expansion.

Finance Minister Mauricio Cardenas hailed the result as the fastest first-quarter growth among Latin America's six biggest economies.

Source: Reuters