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Colombia GDP (Q3 2023)

The softer-than-expected 0.2% q/q rise in Colombian GDP in Q3, coming alongside signs that the economy was weakening towards the end of the quarter, suggests that growth over the year as a whole will come in lower than even our below-consensus forecast of 1.0%. At the margin, this data release makes it more likely that the central bank will start a monetary easing cycle next month.

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