Reported 3 days ago
Colombia experienced slow economic growth in 2024, with a GDP increase of just 1.7%, falling short of analysts’ expectations. The oil, gas, and coal industries faced significant contractions, while the agricultural sector showed resilience with an 8.1% growth. President Gustavo Petro's policies against new oil exploration licenses and the central bank's tight monetary stance contributed to the subdued economic environment. The finance ministry projects a more optimistic 2.6% growth for the upcoming year.
Source: YAHOO