- Dairo Estrada
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- Bancos; Compañías de seguros; Economía doméstica; Riesgo; Colombia; F65 - Economic Impacts of Globalization: Finance; G20 - Financial Institutions and Services: General; G29 - Financial Institutions and Services: Other; Banks; Insurance companies; Home economics; Risk; Estabilidad financiera -- Colombia -- 2011 -- Informes; Banco de la República (Bogotá) -- 2011 -- Informes; Bancarización -- Colombia -- 2011 -- Informes; Vivienda -- Precios -- Colombia -- 2011 -- Informes; F65 - Impactos económicos de la globalización: Finanzas; G20 - Instituciones y servicios financieros: Generalidades; G29 - Instituciones y servicios financieros: Otros
The year 2010 was one of economic recovery on the global level. The worldwide economy grew at a rate that was close to 5% annually, a figure that is higher than had previously been expected by the market. The rise in the prices for commodities together with the higher degree of risk aversion with respect to the developed economies as a consequence of their slow rate of expansion contributed to a significant flow of capital towards emerging economies. In Colombia, the high terms of trade, the improvement in the confidence levels and the favorable conditions of financing led to a rapid recovery of output growth, fueled especially by investment and consumption. The above also contributed to the recovery of traditional intermediation activities after the slowdown in lending that occurred as a consequence of the international crisis of 2009.