UPDATE 1-Colombia economy to grow 3.6 pct in 2015, 3.8 pct in 2016 -govt

viernes 12 de junio de 2015 18:07 GYT
 

(Adds 2016 growth forecast)

BOGOTA, June 12 (Reuters) - Colombia's economy will grow around 3.6 percent in 2015, the government said on Friday, revising a previous target range of between 3.5 and 4 percent.

Finance Minister Mauricio Cardenas, announcing revisions to the Andean country's financial plan, said the government was working with a growth target of 3.8 percent for 2016.

The economy, heavily reliant on exports of crude oil, coal and coffee, grew 2.8 percent in the first quarter of this year, the government announced earlier on Friday.

The volatility of crude oil prices, the country's top export, had previously made the government wary of giving a single target figure. (Reporting by Luis Jaime Acosta and Nelson Bocanegra; Editing by Diane Craft)