During the first quarter of 2018, the year-over-year growth rate of the Colombian GDP stood at 2.59%, after experiencing an acceleration of 0.95 p.p. when compared to the previous quarter. The y/y growth rate of domestic demand slowed to 1.57%. As for the labor market, the unemployment rate in the first quarter of 2018 was 9.40%, after an increase of 0.77 p.p. compared to 4Q17, and the year-over-year growth rate of employment slowed to 0.59%. The Colombian peso appreciated against the US dollar and the exchange rate stood at 2,827 COP/USD. Finally, inflation reached 3.14%, after a decline of 0.95 p.p. with respect to the previous quarter.
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