Latam Daily | Colombian GDP growth surprises to the upside

Summary

GDP growth was above expectations at 2.8% YoY in 1Q15 led by non-tradable sectors such as construction. Meanwhile, tradable sectors didn’t perform particularly well and posted bad results. Moreover, the government deficit will stand at 3% for 2015 and 3.6% for 2016 while the oil price is expected to stand at $60/bb in 2015 with production at 1mbpd for the next eight years.

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