Economy

The standard of living for many Latin Americans will fall this year due to slowing growth, high inflation and global uncertainty.yesterday avoided the International Monetary Fund (IMF).This is mainly due to higher interest rates –which make credit more expensive– and the fall in the prices of raw materials –which the region exports–, Gustavo Adler, Nigel Chalk and Anna Ivanova, from the IMF Department, explain in a blog. for the Americas. (You can also read: Unemployment: appropriate are the branches that create more and less jobs) And while the agency forecasts that one of the highest growth rates in its gross…

The Quarterly Report on Financial Inclusion of Banca de las Oportunidades as of September 2022 revealed that the number of adults with at least one deposit or credit financial product reached 34.5 million, which corresponds to 92.1 percent, with an increase of about 300,000 people compared to June last year.In terms of use, the percentage of adults with an active financial product rose from 76.9 to 77.7 percent between June and September 2022. This implies that 29.1 million adults have at least one of these products active at the end of the third quarter of 2022.(Also read: Credit cards: why…

The Minister of Transportation, Guillermo Reyes, and representatives of drivers and users of mobility applications, together with José Daniel López -the leader of Alianza In, their union-, will remain to install a work table and advance in the construction stage of the bill that seeks to regulate the applications In colombia. According to Reyes, the bill that was in progress in the Transportation Superintendency is suspended and "only one will be filed until a dialogue is carried out by all parties," said the minister.(Furthermore: Petro questions whether the app drivers' protest was due to false information)The meeting that took place…

The Federal Reserve (US central bank) Wednesday increased its reference rates by a quarter of a percentage point, and announced that it expects new increases after this eighth consecutive rise, in a context of inflation that is moderating "but remains high." Fed rates have now reached a range of 4.50 and 4.75 percent.(Also read: Banco de la República completes its 12th rate hike and takes it to 12.75%) "Recent indicators show a moderate growth in expenses and production," remarked the Fed Monetary Policy Committee (FOMC) in a statement after two days of meeting, the first of the year. "Inflation moderated…