Bad Ending for a Disappointing Year

PERU - Report 16 Jan 2015 by Roberto Abusada
Executive Summary Congress approved most of the Finance Ministry’s proposed economic stimulus measures, as expected. A few are still pending, including measures that soften conditions for job cuts, especially prized by businesses. But a law that allows new workers under age 24 to be treated less favorably, with easier dismissal conditions and fewer benefits, met with such fervent opposition from youth groups, labor and the left in general, that—after big demonstrations—almost all opposition members of Congress now want to rescind their “yes” votes. The government is fighting to block repeal...

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