The United States is still experiencing problems from the recession that occurred in 2008. The recession not only affected the US, but it affected the whole world. GDP’s decreased, numerous jobs were lost, and the housing market went downhill. Colombia was also affected by the recession, but its GDP instead of decreasing, increased.

Things in Colombia, economically speaking, are much better today then they were 20 years ago. Even though things are indeed better, they are not the best and they are not perfect. As I mentioned on one of my previous posts, the world can see Colombia’s economy is well underway because of all the construction projects in the big cities. Construction projects range from new houses, apartments, offices, roads, transportation systems, malls, shopping areas, etc…

These new projects create new jobs, better streets and a better look for each city. The estimated cost for the new projects that will start beginning of next year is 40 billion pesos ( around $200 million USD) It’ll be 5,000 kilometers of new and improved roads and 1,000 kilometers of railroad tracks. These roads will communicate cities with small towns and the transportation of goods will be much easier. The new project is still under discussion and revisal. Hopefully it’ll bring positive outcomes to Colombia.