Economics

Colombia has complied with US trade pact labor reforms

Colombia has complied with a variety of labor reforms that were required by US Congress to allow a bilateral free trade pact, the South American country’s labor minister said in Washington.

A critical time for oil

The recent downturn in global oil prices is impacting financial markets, already shaken by weak economic prospects for Europe, a slowdown in China, and fears that ebola will continue to spread across West Africa, resulting in 10,000 new cases every week, and with a worrisome 70 percent mortality rate.

Falling oil prices threaten Colombian economy

With oil accounting for more than 67% of total Colombian exports in 2013, falling market prices and production threaten the Colombian economy.

Colombia industrial production and sales rise from internal demand

In the first six months of 2014, industrial production and sales rose in Colombia by 1.7% and 2.3%, respectively, buoyed by strong internal demand inside Latin America’s fastest growing economy.

Latin America’s forecast for 2015: not good

The International Monetary Fund (IMF) is scheduled to release its much-awaited 2015 economic projections for Latin America next week, and — judging from what I heard in an interview with the IMF’S chief economist for Latin America — there won’t be much to celebrate.


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