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Decoding Interest Rates Loans: Understanding interest rates is crucial for first-time borrowers. Interest represents the cost of using borrowed money, and it directly impacts the overall expense of the loan. Factors like credit risk and collateral influence interest rates. Popular Credit Applications In Colombia, credit card applications top the list, followed closely by home purchase … Read more
The South American Giant: Brazil’s Ascent to Global Economic Prominence A recent analysis conducted by the prestigious financial firm Goldman Sachs has shed light on the nations expected to take center stage in the global economic arena over the next 27 years. The criteria for categorizing a country as a world power are often rooted … Read more
The Impact of Inflation on Minimum Wage: A Crucial Factor in Negotiations As the discussion on the 2024 minimum wage looms, various factors, including economic slowdown, ongoing congressional reforms, and persistent inflation, play a pivotal role in shaping the outcome. Minimum Wage: Why Inflation Matters Inflation stands out as a key determinant in the negotiations … Read more
The year 2024 poses significant challenges for businesses and consumers, testing their resilience in the face of a complex economic landscape marked by high interest rates, inflation, geopolitical events, and an unresolved reform agenda contributing to heightened uncertainty.(Economic Outlook 2024) External Context of (Economic Outlook 2024) Restrictive Financial Conditions Financial conditions in developed countries have … Read more
Black Friday: Unraveling the Economic Impact of Consumer Extravaganza If there’s a day dedicated to consumerism, it’s undoubtedly the last Friday in November—Black Friday. While not a traditional holiday, it sparks joy among both consumers and merchants, marking the unofficial start of the holiday shopping season. Let’s delve into the history of Black Friday and … Read more
The Euribor, standing for Euro Interbank Offered Rate, holds a significant place in the financial realm, impacting millions with its role in determining interest rates on mortgages. As this key indicator has surged to unprecedented levels in recent years due to global economic shifts, the pressing question on everyone’s mind is: When will the Euribor … Read more
Navigating the Collaborative Economy: Opportunities, Uncertainties, and Regulatory Challenges The rise of the collaborative economy, synonymous with the “sharing economy,” has ushered in a profound transformation of economic transactions. Fueled by digital platforms facilitating the exchange of goods and services, this global phenomenon impacts diverse markets and sectors, marked by cultural shifts in consumption preferences. … Read more
Making Informed Financial Decisions: When to Consider Selling Assets for Family Financial Health Ensuring the financial well-being of a family involves making strategic decisions, and one such decision may revolve around the timing of selling assets. In this article, we explore how families can assess the need to part ways with certain possessions to maintain … Read more
Understanding Housing Rent Changes in 2024: What Landlords and Tenants Need to Know” 2024: A Year of Change Housing Rent: The dawn of 2024 ushers in a host of alterations in the dynamics between property owners and tenants. Housing Rent: Soaring Rental Costs The cost of rental housing remains steep, standing at an average of … Read more
Why people want to buy a home? but don’t know how. The dream of owning a home is universal, yet many people struggle to turn this dream into a reality. Financial education is key to making homeownership accessible, and that’s the mission of Finconsciente, a financial broker in Colombia. Mabel Quintero Giraldo, the company’s manager, … Read more