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In 2019, Colombia had the fastest growth rate (3.3%) out of the six leading Latin American economies (Brazil, Mexico, Argentina, Chile, Peru). Even with downward adjustments to the 2020 outlook already underway amid the COVID-19 outbreak, Colombia is on track to perform relatively well this year compared to its regional peers. Notwithstanding this distinction, unemployment remains stubbornly high, reaching 13% in January compared to a year before. While labor and pension reforms that could help improve the situation are in prospect, the government lacks political latitude and faces profound pu
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