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The government announced its sovereign debt restructuring proposal on April 16, including a three-year moratorium, and an average haircut of 62% on interest payments (equivalent…
The pandemic appears to have further increased the size of Peru’s large informal sector, in which productivity and remuneration are both low. Earlier economic growth did not feed…
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DOI: 10.1108/OXAN-DB264124
ISSN: 2633-304X
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The health crisis, national lockdowns and a global recession have combined to create a difficult environment in Latin America, while governments’ responses to the pandemic have…
The region’s current tax and spending policies redistribute very little. The COVID-19 pandemic brought a deep and persistent recession, despite new spending, tax cuts and monetary…