Colombia economy expected to fall 9% annually in the third quarter: Central Bank

Colombia’s economy is expected to decline 9% annually in the third quarter, less than previous estimates after economic activity picked up once the long quarantine to control the spread of coronavirus was lifted. In July, the central bank forecast GDP would fall 9.7% annually in the three months ended Sept. 30. Colombia endured more than five months of lockdown, which came to a close at the end of August, causing the economy to contract by an historic 15.7% in the second quarter.

Source: Nasdaq