UPDATE 1-Colombia sees growth above 2.5 pct in 2010

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BOGOTA, May 24 (BestGrowthStock) – Colombia’s economy should grow
more this year than the government’s initial target of 2.5
percent, based on results from the first quarter, Finance
Minister Oscar Ivan said on Monday.

“For 2010, the government had set a forecast of 2.5 percent
and we believe the final result will be higher,” Zuluaga said
in a presentation.

The central bank said last week it expects growth of 3 to
3.5 percent this year as the Andean country recovers from the
global financial crisis that battered demand for its key
commodity exports.

As exports pick up and domestic demand improves, the
central bank also said the economy may have grown 2.3 to 3.1
percent in the first quarter.

Colombia, which goes to the polls on Sunday to elect a new
president, is Latin America’s No. 4 oil producer and a major
coal producer. [nN23235724][nRISKCO]

Stock Market Money
(Reporting by Javier Mozzo; Editing by John O’Callaghan)

UPDATE 1-Colombia sees growth above 2.5 pct in 2010