Economy shrinks 0.5% yoy in first half of the year
Published on Wednesday, September 30, 2009 | Updated on Tuesday, June 21, 2016
Economy shrinks 0.5% yoy in first half of the year
Summary
2Q09 GDP growth was in line with latest market forecasts (-0.5% yoy). There was a major adjustment in domestic demand, especially in investment, compensated by a fall in imports. The fall in exports sharpened in the 2Q09, especially due to the worse performance in leather goods, textiles and transport equipment.
Geographies
- Geography Tags
- Colombia
- Latin America
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Mauricio Hernández
BBVA Research - Principal Economist