Andina Acquisition Corporation: A Unique And Speculative Colombian Investment
By Caiman Valores:Colombia is quickly becoming the next investment hotspot in Latin America. Once off limits, the South American country has stabilized its security situation and is now seeing record levels of foreign investment and tourism, as well as increasing integration into the global economy through economic deregulation. All of which has contributed to the substantial increase in Colombia's growth rate. For the third quarter 2011, GDP growth in annual terms was 7.7%, which equated to a quarterly rate of 1.7%. This was the highest growth rate the country has seen since 1979. Furthermore, the IMF has forecast Colombia's 2012 real GDP growth rate to be 4.5%, which is more than double the IMF's GDP growth projection for the U.S. of 1.8%.Overall, the Colombian economy is gathering continued momentum with the local stock market performing well, increased foreign investment, falling unemployment and companies expanding their operations. All of this economic growthComplete Story »
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