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The trends of Colombian consumers in the last 10 years have been changing. The structure, income, purchasing power and consumption habits have been fundamental when profiling a new Colombian consumer.
A new Congress initiative seeks to create a barrier to the active and competitive participation of economists in issues related to the profession, creating rents to particular institutions and limiting the arrival of new voices to the arena. We insist that the Congress agenda should rather be used in more urgent maters.
There are 29m Internet users in Colombia, however the use of digital banking is still low but growing. There are access gaps between rural and urban and income levels. In businesses, there is a significant gap in the use of ICTs by the size of the business, smaller business argue they don’t find a benefit in them.
The current global and regional scenarios for the Colombian economy are challenging. Volatility and uncertainty are the daily bread and we quickly move from the novel of the commercial war between the United States and China to the novel of Brexit.
As a small economy, Colombia is not immune to the reality of the global context. Short- and medium-term scenarios can be affected by exchange rate volatility, weakening investment, fiscal deficit, current account deficit and informality in the labor market.
I feel that we are falling short, economists, in making the debates that the country needs. In terms of growth, for example, and its lack of relationship with some leading indicators. Inflation, about the risks that the shocks again move us away from the fiscal or fiscal goals and their long-term impact.
This paper analyzes the effect of financial participation on consumer's financial vulnerability, which is pervasive in the developing world. The financial behavior of consumers (i.e. financial health) has a greater positive effect on financial vulnerability than the narrower concept of financial inclusion.
A possible recession in the US economy has led to a change in the language and direction of the monetary policy of major central banks around the world. The signals emitted by the global economy produced a risk scenario that was reflected in the purchase of safe-haven assets.