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Colombia exits recession as GDP grows 1.1% in Q1

RIO DE JANEIRO, BRAZIL - Although the market expected the Colombian economy to remain at negative numbers, the National Administrative Department of Statistics (DANE) reported that the country's Gross Domestic Product (GDP) posted 1.1% annual growth in the first quarter this year, reaching $208.7 billion pesos (US$56.627 million) in constant prices, $2.2 billion pesos (US$596 million) more than in the same period last year ($206.4 billion pesos, equivalent to US$56 million).

With these figures, the Colombian economy recorded a positive quarter for the first time since the start of the pandemic, thereby . . .

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