The head of the Ministry of Labor and Employment Promotion (MTPE), Daniel Mauratespoke out again about a possible increase in the minimum living wage after days ago he was against this measure due to the economic crisis that the country is going through. “We are going to get out of this recession and we will […]
Tag: recession
Puno is one of the hardest hit by economic recession
After the Minister of Economy, Alex Contreras, admitted that the Peru is in recession, the regions are analyzing the situation of each of them. The president of the Chamber of Commerce and Production FistFrancisco Aquise, indicated that the highland region is the hardest hit by the economic recession. The most affected sectors are tourism, agriculture, […]
Minister of Labor: The worst time to raise the minimum wage is in a recession
The head of the Ministry of Labor and Employment Promotion (MTPE), Daniel Maurate Romero, explained that in the context of recession that the Peruvian economy is going through, there is no room to discuss a possible increase in the minimum vital remuneration (RMV). Likewise, he noted that the Government is aiming to recover and get […]
GDP growth in the OECD slows down in the second quarter with 0.4%
Economic growth in the Organization for Economic Co-operation and Development (OECD) as a whole slowed slightly in the second quarter of 2023, with 0.4%one tenth less than in the first, with a contrasting evolution among the member countries that reveals a plurality of situations. The OECD said this Monday, August 28, in a statement that, […]
United States: Most small businesses believe the country is in recession
More than half of American small business owners believe the economy is already in recessionmarking a slight decline for July from April, despite the fact that most companies reported that their own financial situation was strong, a survey published on Monday showed. The July survey by the National Federation of Independent Business focused primarily on […]
Alex Contreras: “To say that we are in a recession is whimsical”
The official also advanced that they present a special package to specify the reactivation of the mypes. Minimum salary: this is proposed by the Ministry of Labor to regulate future increases Price of the dollar today in Peru: what is the exchange rate for this Thursday, July 20? The head of the Ministry of Economy […]
Peruvian economy stagnates and enters technical recession
The slowdown of gross domestic product (GDP) in recent months has led the national economy to return again to a technical recession, something that had not been seen since the pandemic, when there was a sharp contraction in economic activity as a result of the restrictive measures that paralyzed various sectors to prevent the spread […]
US expectations would improve with a rise in the debt ceiling
The House of Representatives of USA approved by majority, with 324 votes in favor and 117 against, the bill to raise the federal debt ceiling until January 11, 2025. In this way, it seeks to deal with a possible problem of lack of liquidity that prevents the North American country from fulfilling its respective payments […]
Recession risk looms as recovery loses momentum
Updated on 01/03/2022 05:25 am By Felipe Hernández, economist Activity in most of Latin America returned to its pre-pandemic level sometime between February and September 2021. After the sharp drop in early 2020 when the pandemic began, the recovery was much faster than anticipated, but it is losing. momentum quickly. Activity in the second and […]