Colombia Reports GDP Growth 3.1% For 3rd Quarter
Colombia reports GDP growth 3.1% for 3rd quarter as once-torrid economy cools
Colombia's
national statistics agency says the pace of growth is slowing, with
third quarter GDP growth counted at 3.1 percent above the same period a
year earlier.Monday's report shows a mere 0.7 percent rise in gross domestic product between the second and third quarters of the year.
Quarterly year to year growth rates have slipped from a torrid 8.5 percent in the first quarter of 2007. The rate was down to 4.5 in the first quarter of 2008 and to 3.8 percent in the second quarter.
The government says it expects overall growth of 4 percent this year, down from 8 percent in 2007.
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