Colombia’s economy grew at the slowest pace since 2009 in the first three months of the year as consumer confidence slumped and prices fell for the nation’s oil, coal and coffee. The weaker-than-expected result caused bond yields to drop as traders pared bets on further interest rate increases.
Gross domestic product expanded 2.5 percent from the year earlier, compared with a revised 3.4 percent in the previous three months, the national statistics agency said Friday in Bogota. The figure was below the 2.8 percent median forecast of 31 analysts surveyed by Bloomberg. From the previous quarter, GDP grew 0.2 percent.