By Rahim Kanani, Contributor Colombia, at one point in time, was more known for drug trafficking rather than its economic prowess, but that reputation is slowly changing as the nation continues to post strong economic growth numbers. The GDP data is even more impressive in light of the struggles the Western world has been experiencing. The nation recorded annual GDP growth of between 4-6% in the 2010 to 2012 time period, and the IMF projects Colombia to post another solid growth figure of 4.4% in 2013. Inflation, which South American countries have had an issue controlling in the past, has been tame as well, hovering in the 3% range since 2010 with 2.9% projected in 2013. …read more

Source: FULL ARTICLE at Forbes Latest