Colombia Surpasses Argentina As Latin America's Third-Largest Economy Due To Inflation, Currency Changes, GDP Growth

Argentina, once the second-strongest economy in the western hemisphere, extended its decades-long decline by ceding the No. 2 spot among Latin American economies to Colombia, thanks to the second-weakest currency in the region, soaring inflation, weak economic growth and chronic political problems, Capital Economics said. Brazil and Mexico remain No. 1 and No 2, respectively.