Economics
Colombia Recovers Faster-Than-Expected From Worst-Ever Slump
- Economy contracted by 6.8% last year, most since 1905
- Central bank says nation will recover pre-pandemic GDP in 2022
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Colombia’s economy grew faster than expected at the end of 2020 as a rebound in consumer spending led the recovery from the worst slump in the nation’s history.
The economy expanded 6% in the last three months of the year compared to the previous quarter, beating the median forecast of 5.7% growth from analysts surveyed by Bloomberg.