Macroeconomy/Finance

Real salary fell 8% in 2019 and delays economic recovery

The real value of registered workers’ salary contracted 8% last year after having fallen 6.2% in 2018, according to a report by the consultant Ecolatina. “The loss of real income was widespread and had a correlation in consumption, which accumulates a drop of more than 10% since the peak of the first quarter of 2018, thus delaying the recovery of activity,” says the report.

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