Colombia beats Argentina as the third largest economy

Colombia moved to Argentina

and became the third largest economy in Latin America in 2013, once its gross domestic product (GDP) reached the 347.000 million dollars, according to a study by the consultancy firm Capital Economics.

The third position was occupied by Argentina through 2012, but Colombia last year surpassed its $ 10 billion GDP.

Capital Economics, Neil Shearing, emerging markets Chief Economist said that the estimate is based on the impact that has had the devaluation of the Argentine peso during 2013.

This evaluation of the consultant leaves Colombia only behind Brazil and Mexico among the countries of the region.

"This is a symptom of a broader trend that is living in the Argentina economic model, while the economy of Colombia has been well managed," Shearing said in statements collected today by the American newspaper The Wall Street Journal.

For his part, finance, Mauricio Cárdenas, Colombian Minister said that this result is due to factors such as low inflation, a reduced fiscal deficit, a reasonable debt and a solid macroeconomic policies, as she picked up a few days ago the newspaper 'El País' of Cali.

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