Economics
Colombia’s Economic Growth Beats Forecasts in Boost for Petro
- GDP grew 12.6% in the second quarter from year earlier
- New government stuggling to boost tax revenue to fund spending
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Colombia’s economy beat expectations in the second quarter in a boost for the government of President Gustavo Petro, who took office this month.
Gross domestic product expanded 12.6% from a year earlier, the national statistics agency said Tuesday. That compares to a median estimate of 12.1% from economists surveyed by Bloomberg.