Colombia country is facing its worst economic catastrophe of modern times because of the global COVID-19 pandemic. The IMF believes that the strife-torn Latin American country’s economy will shrink by over 8% during 2020 with some analysts predicting that the contraction could be even worse predicting a 10% drop in gross domestic product. The threat of an extensive economic crisis and stalled recovery is heightened by low proven oil and natural gas reserves, a sustained oil price slump, weak investment inflows, and softer hydrocarbon production.…
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