Despite the good fiscal performance, the Central Bank’s reserves are not increasing. This is one of the main obstacles to pave the way to sustained economic growth. For this reason, it is very important to address reforms to improve competitiveness to boost exports.
EMPLOYMENT PROBLEMS ARE MORE OF QUALITY THAN OF QUANTITY
The unemployment rate remained relatively stable, but this is due to lower quality jobs than to job growth. This fact shows that the most important thing is to speed up the structural reforms. In the case of jobs, it means the modernization of labor institutions.
THE REQUIREMENT OF 30 YEARS OF CONTRIBUTIONS MUST BE ELIMINATED
At the end of the month, the pension moratorium expires. It must not be renewed, but it is not a good idea to let it expire without doing something. The requirement of 30 years of contributions to receive a pension must be eliminated. This is the first fundamental step towards an integral organization of the pension system.
Despite the good fiscal performance, the Central Bank’s reserves are not increasing. This is one of the main obstacles to pave the way to sustained economic growth. For this reason, it is very important to address reforms to improve competitiveness to boost exports.
EMPLOYMENT PROBLEMS ARE MORE OF QUALITY THAN OF QUANTITY
The unemployment rate remained relatively stable, but this is due to lower quality jobs than to job growth. This fact shows that the most important thing is to speed up the structural reforms. In the case of jobs, it means the modernization of labor institutions.
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