Colombia's earthquake could reduce economic activity for two years: Analysis

The recent earthquake in Colombia will be a major political test for new President Abelardo de la Espriella, who has declared an economic emergency and promised an emergency fund to rebuild schools, hospitals and homes. Reconstruction is expected to cost around $9.6 billion, putting pressure on an economy already facing a deficit of 7 to 8 percent of GDP, according to the Finance Minister. De la Espriella has asked US President Donald Trump to suspend tariffs, which rose from 10 to 12.5 percent