Thursday, September 20, 2012
Colombia Now Third Largest Latin American Economy, Second in South America
Colombia has surpassed Argentina and is now Latin America’s third largest economy according to outgoing Finance Minister Juan Carlos Echeverry. It means the country is third in the region behind Brazil and Mexico having overtaken oil rich Venezuela two years ago. ‘Colombia is going forward with great momentum. We are doing well and moving forward,’ the minister said. ‘I can make the announcement that I retire leaving the Colombian economy as the second biggest in South America, and the third largest in Latin America,’ Echeverry declared. According to Latin American experts it is Brazil and Colombia that are receiving the most interest from multi-national companies keenly looking to Latin America for business.