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Venezuela instability a risk for Colombia growth

Tuesday, June 11, 2013

Colombia's economy faces its greatest risks this year from instability in neighbouring Venezuela and the slump in commodity prices, the country's finance minister, Mauricio Cardenas, said on Monday.

Growth forecasts for the country are likely to be downgraded, with 4.4 percent a likely rate for 2013, Cardenas said.

The other worry is Venezuela, which is facing shortages of basic goods from toilet paper to wheat flour, raising fears of instability.

Source: Reuters