Home-Building Woes Spur Colombia Insolvencies Toward Decade High.

The number of companies filing for insolvency in Colombia is set to reach a decade high due to a contraction in the construction industry, exacerbated by changes in housing subsidies by President Gustavo Petro's government. The economic downturn has led to a ripple effect, impacting broader economic growth and resulting in job losses in the construction and manufacturing sectors. While the government has made some changes to the subsidy program, the consequences are still being felt, with concerns about the long-term impact on the economy and employment. [Extracted from the article]