Colombia Central Bank Chief Sees Slowest Growth Since 2009
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Central bank Governor Jose Dario Uribe said he expects the economy this year to post its slowest expansion since 2009 as prices for Colombia’s biggest export tumble on global markets.
Calling an estimate of 3 percent growth “reasonable,” Uribe said the central bank’s technical staff also may cut its 2015 forecast from 3.1 percent or 3.2 percent, which is down from 3.6 percent earlier in 2015. While 3 percent would be the weakest since 2009, economists expect Colombia’s expansion to beat the regional average for a fifth straight year.