During the third quarter of 2018, the year-over-year growth rate of the Colombian GDP stood at 2.61%, after experiencing an acceleration of 0.15 p.p. when compared to the previous quarter. This performance followed the higher year-over-year growth in domestic demand, which stood at 3.78%. As for the labour market, the unemployment rate in the third quarter of 2018 was 9.50%, after an increase of 0.42 p.p. compared to 2Q18, and the year-over-year growth rate of employment accelerated to 1.37%. The Colombian peso depreciated against the US dollar with regard to 2Q18, and the average exchange rate stood at 2,898 $COP/USD in the third quarter. Finally, inflation reached 3.23%, after a rise of 0.03 p.p. with respect to the previous quarter.
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