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Colombia Under Petro: Social Gains Amid Monetary and Fiscal Constraints

Issue Brief

Colombia Under Petro: Social Gains Amid Monetary and Fiscal Constraints

A new CEPR report finds that Colombia experienced major social gains under President Gustavo Petro — including sharp reductions in poverty and unemployment — driven by rising real wages, expanded social spending, and increased investment in historically neglected regions. The report also examines how restrictive monetary policy and fiscal constraints weighed on private investment and shaped the country’s broader economic trajectory.

Every Worker Deserves Paid Leave

Article

Every Worker Deserves Paid Leave

Paid leave is overwhelmingly popular with the public, and provides workers with an essential benefit. But it is still not available to millions of workers. 

By Eileen Appelbaum

Bad Vibes and the Trump Betrayal

Article Dean Baker’s Beat the Press

Bad Vibes and the Trump Betrayal

Consumer pessimism may stem less from economic fundamentals than from polarization and Trump supporters feeling betrayed by unmet promises.

By Dean Baker

Trump Crazy Stock Returns Won’t Finance Your Retirement

Article Dean Baker’s Beat the Press

Trump Crazy Stock Returns Won’t Finance Your Retirement

Promises that $1,000 “Trump accounts” will grow into huge retirement fortunes rely on an implausible 10 percent stock return that today’s high price-to-earnings ratios make impossible to sustain.

By Dean Baker

Stock market display showing fluctuating numbers and percentages in red and green. A rising line graph overlays, indicating growth and optimism.