LatinNews Daily - 23 December 2019

* A Mexican private sector think-tank, Centro de Estudios Económicos del Sector Privado (CEESP), has warned that while the recent 20% minimum wage increase announced last week by the government was welcomed by all sectors, it should be “congruent with productivity”. In a report circulated in the local press, CEESP said the increase is “just” but recalled a World Bank report which warned of inflationary risks if salary increases are above “productivity gains”.

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