In 2010, the region' s economy grew by 4.5 per cent, up from 2.3 per cent in 2009, and will most likely maintain a steady growth rate of about 5 to 6 per cent in 2011-2012..
For the period from 1993 to 1997, the economy grew by 7.4 per cent; inflation was kept at below 5 per cent; and Eritrea had accumulated foreign reserves that covered seven months of imports.
Colombia has been able successfully to withstand the onslaught of the global crisis; indeed, the economy grew by 5.2 per cent in the first half of 2011, and we forecast growth of 6 per cent in the third quarter.
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