Economy

It is sung: in 2023 comes a sharp slowdown in economic production around the world. In fact, it has already been felt, with a recession in the UK, for example, and two quarters of contraction in the US.In the midst of this panorama, Colombia is one of the countries in which fear has been expressed that not only will there be less growth, but that it will fall into recession. The reason: the 21 billion pesos that, due to the tax reformhouseholds and companies would give more to the Government, and that they could not use in greater consumption or…

As the Minister of Finance, José Antonio Ocampo, had anticipated in recent days, the new year will welcome Colombians with an increase in the reference price of gasoline. It will be, on average, 389 pesos per gallon from the first of January.The price of a gallon of diesel will also register an increase, but less, of only 57 pesos, also due to legal regulations and regular updates at the beginning of the year. With these adjustments, in the first month of 2023, the average retail price of regular gasoline, taking into account the 13 main cities, will be 10,167 pesos…

The two great phenomena that shook the country's economy in the year that ended were: the rise that climbed the 12.5 percent from November 2021 as of November 2022, and more than 25 percent in food only; and the harsh increase in interest rates of 12 percent, caused precisely to stop the rise in prices.For the Minister of Finance, Jose Antonio Ocampo2023, on the contrary, will be characterized by a drop in inflation and a drop in interest rates. (You might be interested in: 'The SAE must be finished or reformed': Comptroller General). Ocampo is very optimistic about the coming…

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