'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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