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The strike was prompted by unions' rejection of the 27% ceiling the government attempted to impose on wage rises. With this ceiling, real wages will suffer further given existing…
Jara is under strong pressure from opposition groups in Congress to sack at least two key ministers, those of the interior and defence. This follows the drubbing received by the…
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DOI: 10.1108/OXAN-DB197390
ISSN: 2633-304X
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In 2016, the economic downturn boosted unemployment, especially in the manufacturing and construction industries, while inflation undermined real incomes, hitting the poorest…
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DOI: 10.1108/OXAN-DB217918
ISSN: 2633-304X
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The Argentine financial crisis and economic downturn are affecting Uruguay at a time when its economy is cooling while popular discontent is rising over the difficulty of finding…
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DOI: 10.1108/OXAN-DB238843
ISSN: 2633-304X
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Economic update.
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DOI: 10.1108/OXAN-DB244988
ISSN: 2633-304X
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The planned protests, on the day of San Cayetano, the patron saint of employment, would have taken place just before the August 13 simultaneous open primaries (PASO) to choose…
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DOI: 10.1108/OXAN-DB222041
ISSN: 2633-304X
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However, problems with the count have delayed an official result. Bukele, who has already served nearly a full term as president, circumvented a constitutional ban on re-election…
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DOI: 10.1108/OXAN-DB285141
ISSN: 2633-304X
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The economic effects were immediate: a sharp outflow of portfolio capital, which generated exchange rate devaluation of 27.3% in three months; a contraction in GDP, driven down by…
Peru’s previously buoyant economy has been badly affected by the COVID-19 pandemic, contracting by around 13.38% in the first ten months of this year. Investment has been hit, as…
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DOI: 10.1108/OXAN-DB258234
ISSN: 2633-304X
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This is down largely to the revival of international tourism following the COVID-19 pandemic. Recovery looks set to continue into 2023, boding well for ongoing revenue and…