'Will they declare a new economic emergency to cover the excessive hole left by the minimum wage?': Fenalco

Portafolio Journalist 12.02.2026 13:22 Updated: 12.02.2026 13:22

'Will they declare a new economic emergency to cover the excessive hole left by the minimum wage?': Fenalco

TL;DR

  • Fenalco's president, Jaime Alberto Cabal, questions the high minimum wage increase based on a Fitch Ratings report.
  • Fitch Ratings warns the 2026 minimum wage adjustment will increase macroeconomic pressures and have a high fiscal cost.
  • The report estimates a direct fiscal cost of 7 trillion pesos for the government.
  • The increase is expected to intensify demand and supply pressures, potentially affecting inflation and production costs.
  • The minimum wage hike could also impact formal job creation and government borrowing costs.

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