Weekly Report - 4 January 2005

COLOMBIA | Growth rate reappraised. The Uribe government has taken a second look at the July-September figures and concluded that GDP actually grew by 2.46%, or 0.03 points more than the initial estimate (which had prompted a lowering of projections [WR-04-50] for the year as a whole). This, however, still leaves it as the lowest quarterly rate this year. It has left the nine-month rate at 3.64%, strengthening the government's determination not to lower its 4% forecast for the whole year.

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