economy

“We’re out of the oil bubble”: Petro highlights industry’s contribution to Q1 GDP growth

Industry and commerce Photo: Julio Romero / Portafolio

“We’re out of the oil bubble”: Petro highlights industry’s contribution to Q1 GDP growth

TL;DR

  • Colombia is exiting its "oil bubble," according to President Petro.
  • The industry and commerce sectors significantly contributed to the GDP growth in the first quarter.
  • This indicates a diversification of the Colombian economy away from oil.