Colombia Food & Drink Report Q2 2014 - New Study Released
We anticipate stronger private consumption in the coming months amid an improvement in labour market dynamics and an expected end to a household deleveraging cycle that began in early 2012. Indeed, Colombia's unemployment rate came in at 7.8% in October, down from 12.0% in January, falling to its lowest level in recent history. We forecast unemployment will fall further to 7.4% by end-2014 on the back of strong job creation in the services and construction sectors, which have both been...
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