Economy

Automotive sector is less optimistic for 2023 due to the dollar and GDP – Sectors – Economy

Automotive sector is less optimistic for 2023 due to the dollar and GDP – Sectors – Economy

A survey of businessmen in the automotive sector during the month of December revealed that 60 percent believe that the company's economic situation is good, but this percentage is lower than that found in previous Andemos surveys. In this sense, 53 percent affirmed that the activity of the company was less than that of the previous month.For the next 12 months, 48 ​​percent of employers considering that the economic situation of the country will be the same; 35 percent, that it will be worse and 17 percent, that it will improve.(Also read: Do you see the prices of new cars…
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Credit cards: why is it a bad time to use them?  – Personal Finance – Economics

Credit cards: why is it a bad time to use them? – Personal Finance – Economics

If you have a credit card, it is best to keep it locked up and not use it, at least for the next few months. Why? Interests are through the roof and borrowing money could be much more expensive than it was in 2022.Since inflation has been rising month by month for almost two years -closed 2022 at 13.12 percent-, the Bank of the Republic has also been increasing its interest rates and between September 2021 and December 2022 they went from 1.75 to 12 percent.(Also read: CDT: What is it and how good is it as a savings option…
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Mi Casa Ya: What has happened to this subsidy, will it continue or will it end?  – Sectors – Economy

Mi Casa Ya: What has happened to this subsidy, will it continue or will it end? – Sectors – Economy

If one of the purposes for 2023 is have own houseThe announcement made by the Minister of Housing, Catalina Velasco, helped make this dream of thousands of families in the country a reality.The 'Mi Casa Ya' program, which was created in 2015 to benefit households that have income less than four monthly salaries (4,640,000 pesos), will be lost during the government of President Gustavo Petro, but will have several changes.(Also read: Are you looking for housing? This is the outlook for 2023 in Medellín and its surroundings) "The Mi Casa Ya program will continueIt is a robust program that has…
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CDT: What is it and how good is it as a savings option right now?  – Personal Finance – Economics

CDT: What is it and how good is it as a savings option right now? – Personal Finance – Economics

With inflation of 13.12 percent at the end of 2022 -the highest in the last 23 years- not everything is bad. You can also take advantage of this situation by making investments with some extra money that you can obtain.This is thanks to the fact that the Banco de la República also begins to increase your interest rates to the extent that inflation begins to rise in the country, in order to discourage family consumption.(Also read: Colombia closed 2022 with the third highest explosion in Latin America) "That would cause the economy to slow down and inflation would also start…
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