Economy

The Government extended for three more years the 35 percent tariff applied to the footwear importalthough it clarified that this measure, which will apply until December 31, 2025, does not apply to items from countries with which Colombia has current trade agreements.(Also read: It's official: more than 85 goods and services will not raise 16% of the minimum wage) The pair of shoes that continue to be imported for an FOB value less than or equal to the thresholds established between 6 and 10 dollars (depending on the type of footwear or the tariff subheading), will pay the 35 percent…

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The global economy faces "a difficult year, more difficult than the year we left behind. We expect a third of the world economy is in recession", was the warning made by the managing director of the International Monetary Fund (IMF), Kristalina Georgieva, during an interview on the US television network CBS.This would be the result of the fact that the three largest economies in the world – the United States, the European Union and China – "are slowing down simultaneously."(Also read: Why Economists Think Inflation Started Declining in 2023) In detailing the situation of these three world powers, Kristalina Georgieva…

Colombia accumulates the highest inflation of this century. In this context, financial aid can be perceived as a quick fix to a lack of liquidity; however, this urgency can make us incur risks that further complicate our situation. Carlos Ramos Juárez, professor of the Master's Degree in Financial and Banking Advice and the Master's Degree in Financial Risk Management from the International University of La Rioja (Unir), spoke with EL TIEMPO about high inflation.(Also read: How to handle the slowdown and avoid falling into recession) How do you interpret inflation in Colombia? What are the real causes? Carlos Ramos Juárez,…