Colombian Economy Falls Short of Expectations

Colombia's economy expanded by 2.1% year-on-year in the second quarter, according to government's DANE statistics agency. This growth rate fell short of the anticipated 2.6% as per a Reuters poll, and represented a 0.5% increase from the first quarter of the current year.

In a recent report by Colombia's DANE statistics agency, the nation's economy showed a year-on-year growth of 2.1% for the second quarter.

This figure was lower than the 2.6% growth forecasted by a Reuters poll.

The data also revealed a modest quarter-over-quarter growth of 0.5% from the first quarter.

(With inputs from agencies.)