During the fourth quarter of 2018, the year-over-year growth rate of Colombian GDP stood at 2.93%, remaining constant with respect to the previous quarter. The acceleration of domestic demand compensated for the worse performance of the external sector. In the labor market, the unemployment rate increased by 0.59 p.p. from the previous quarter to 10.12%, while the year-over-year growth rate of employment generation slowed to a rate of -0.13%. With respect to the exchange rate, the Colombian peso stood at 3,231 Colombian pesos per dollar, after a depreciation of 9.20%. Finally, inflation reached 3.26%, 0.11 p.p. higher than in the previous quarter.
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