Economy

The cost of living in Colombia is unstoppable. Except for the slight decrease (0.16 percentage points) registered in May 2022 in the annual variation, inflation would complete 21 months of risingstanding at 13.12 percent at the end of 2022, the highest in the last 23 years.The data exceeded the estimates of the Bank of the Republic (12.3 percent), market analysts (12.64 percent) and the Ministry of Finance (12.2 percent), which was confident that prices would begin to fall in December, but this did not happen.(Also read: This is how you can take advantage of record inflation and high interest rates)…

We ended 2022 in Colombia with a dynamic economy that slowed down one of the highest growth rates on the planet in a turbulent and rarefied environment. The question now is: what will 2023 bring? What can we do as a country, businessmen and society to generate more employmentachieve greater economic and social development and for this year to be the beginning of a better future?(Also read: This is how you can take advantage of record inflation and high interest rates) Uncertainty, volatile markets, the threat of a slowdown and high inflation in 2022 in the world will not continue…

All the taxes created or readjusted in the tax reform approved last year will come into force, progressively, from this year. The State aspires to collect 298.1 billion pesos, which means an increase of 30.4% compared to the collection of the previous year, as revealed in this report by the director of the Dian, Luis Carlos Reyes.(We recommend: The hardest hit and those who benefit from the record inflation of 2022). The senior official, who has dedicated most of his professional life to economic research, also assured in his interview with this chronicler that he will have to "someday reach…

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