Colombia’s Consumer Credit Plummets to Record Low in 2024: Experts Warn of Economic Downturn Ahead

Colombia’s Consumer Credit Plummets to Record Low in 2024: Experts Warn of Economic Downturn Ahead

The slowdown that the economy had in 2023 with a growth of just 0.6 percent, the still high cost of money with interest rates from the Bank of the Republic at 12.75 percent and inflation still high at 8, 35 percent continue to take their toll on Colombians. This situation is mainly evident in the … Read more