The Foreign Trade Company of Peru (ComexPerú) warned that an increase in the minimum wage, now amounting to 850 Soles a month, would go against the objective of recovering small and medium enterprises (SMEs), and also reverse the slowdown of the employment growth, said Gestión.
ComexPerú said to Gestión that the authorities should continue to encourage investment and facilitate administrative processes that today only entail higher costs.
“The world is doing well and the International Monetary Fund has foreseen growth of 3.9% in 2018 and 2019, while for Latin America and the Caribbean it is expected a dynamism of 1.9% and 2.6%, respectively,” ComexPerú recalled.
In the Peruvian case, they believe that the future looks promising, especially because its main trading partners, such as China and the United States, would grow at rates of 6.6% and 2.7%, respectively.
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