End of preview - This article contains approximately 848 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
Latin American Economy & Business - July 2017 (ISSN 1741-7430)
Venezuela: Bills on steroids
President Nicolás Maduro announced a 50% increase in the minimum wage as of 1 July, the third to date this year. Maduro has now increased Venezuela’s minimum salary (and associated benefits including food stamps and pension payments) by 140% in total since February. Yet, opposition economists point out that the daily minimum wage is barely enough buy a packet of biscuits, while an average hamburger would eat up six days’ of the basic wage.
- Understanding the bulls and the bears
- Region: Recovery, uncertainty, elections
- Argentina: Not in 100 years?
- Chile: Sovereign retains investor confidence despite larger fiscal deficit
- Peru: Zavala takes over the top economic job
- Cuba: Trump rolls back some of Obama’s Cuba changes
- Ecuador: Trimming Correa’s legacy
- Venezuela: Bills on steroids
- Brazil: Beef back in trouble
- Mexico: Good start to Round 2
- Venezuela: Paraguay calls on the US to ‘consider’ its Venezuelan oil purchases
- Region: Container port activity dips
- Region: Corporate Radar