Colombia continues to boom thanks to its improved security and it’s Free market economic reforms.
Colombia‘s economy grew 5.2 percent in the second quarter compared with the same period a year ago, fueled by a boom in the mining and oil sectors.
While the United States struggles with high unemployment and the risk of falling back into recession, resource-rich emerging market countries such as Colombia have seen their economies expand briskly since the global credit crisis.
Colombia’s 5.2 percent year-over-year GDP growth reported by the DANE statistics agency on Thursday was in line with the 5.21 percent average expected by 34 analysts in a Reuters poll.
Colombia’s fast-growing mining and oil sectors drove much of the growth in the second quarter with transport and commerce also pushing it up.
Colombia, like Chile is proof Conservative/Libertarian economics work. This is something the US needs to learn again.
