Colombia’s economy moves out of recession
During the final quarter of 2009 the Colombian economy grew by2% and thereby bringing it out of the recession which began as the world felt the aftershocks of the banking crisis in the USA according to the latest figures despite continuing troubles with Venezuela and the export of goods to that country.
The growth has been attributed to the an increase in domestic demand as well as strong foreign investments in Colombia. At the same time consumer confidence has also grown and reached levels not far off those found prior to the crisis engulfed the world. The challenge now as with most countries is to sustain the recovery which at the moment could be easily affected by either internal problems or further problems being uncovered in other countries.
In Barranquilla, particularly in the North there is a lot of optimism as new projects continue to inject more money into the local economy. Apart from the new apartments in Barranquilla that are being built there are numerous new businesses and shopping centers in Barranquilla which have been opened creating jobs.
Fast Facts About Barranquilla
·Barranquilla Colombia is the main developed city and docks in the Caribbean coastal area of the country as well as fourth largest city in Colombia.
·Advantageously positioned where the Magdalena River meets the sea, it is a major and flourishing port and features a sizeable industrial industry.
·The city offers a secure environment in which to enjoy the Colombian passion for life.
·Barranquilla's Carnaval is recognized as being one of the biggest carnavals in the world and draws many thousands of people each year.
·The local people are forthcoming and polite they are furthermore very cheery, relaxed and kind.
·It was known as La Puerta de Oro de Colombia (Golden Gate) and was the main destination for various waves of immigrants to Colombia.
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