Academic literature on the topic 'Labor unions. Economic conditions'

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Journal articles on the topic "Labor unions. Economic conditions"

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Bucci, Laura C. "Organized Labor’s Check on Rising Economic Inequality in the U.S. States." State Politics & Policy Quarterly 18, no. 2 (2018): 148–73. http://dx.doi.org/10.1177/1532440018760198.

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Recent demonstrations of growing economic inequality in the United States raise normative concerns about the political representation of all but the very wealthiest citizens. Building on existing cross-national work on the roles of unions in welfare states, I provide evidence that organized labor, as a political institution, limits unequal income distributions in the U.S. states. The states are useful to our understanding of labor’s influence on inequality as states differ in their acceptance of labor unions, base levels of inequality, political preferences, industries, and levels of developme
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Chew, Rosalind, and Soon Beng Chew. "Trade Union Orientation and Macro-Economic Management." Review of Pacific Basin Financial Markets and Policies 06, no. 03 (2003): 381–403. http://dx.doi.org/10.1142/s0219091503001134.

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This paper makes the distinction between micro-focused unions and macro-focused unions, with the latter emphasizing full employment and competitiveness for the economy. It examines the micro-foundation of the macro-focused labor movement, which calls for certain conditions or arrangements conducive to, and the instruments needed for, the establishment and survival of macro-focused unions. The consequences and outcomes in an industrial relations regime in which macro-focused unions prevail are also examined, and measures for countering the free rider problem suggested. The main conclusion is th
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Alvarez, Camila Huerta, Julius Alexander McGee, and Richard York. "Is Labor Green?" Nature and Culture 14, no. 1 (2019): 17–38. http://dx.doi.org/10.3167/nc.2019.140102.

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In this article, we assess whether unionization of national workforces influences growth in national carbon dioxide (CO2) emissions per capita. Political-economic theories in environmental sociology propose that labor unions have the potential to affect environmental conditions. Yet, few studies have quantitatively assessed the influence of unionization on environmental outcomes using cross-national data. We estimate multilevel regression models using data on OECD member nations from 1970 to 2014. Results from our analysis indicate that unionization, measured as the percentage of workers who a
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Golden, Miriam. "The Dynamics of Trade Unionism and National Economic Performance." American Political Science Review 87, no. 2 (1993): 439–54. http://dx.doi.org/10.2307/2939052.

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I test two theories of the political processes of trade unions. The first argues that wage moderation depends on a centralized labor movement. The second contends that, institutional conditions permitting, unions' coordination of bargaining strategies is sufficient. Coordination is most likely to he achieved when there are small number of unions that do not compete for members, that is, when union monopoly is high. Important empirical anomalies may be resolved by analyzing the effects of union centralization and monopoly separately, rather than combining them into a composite index of corporat
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Haydu, Jeffrey. "Factory Politics in Britain and the United States: Engineers and Machinists, 1914–1919." Comparative Studies in Society and History 27, no. 1 (1985): 57–85. http://dx.doi.org/10.1017/s0010417500013669.

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The priorities of British and American trade unions center predominantly on the economic rewards received by union members. Collective bargaining and strikes typically focus on how much employers must pay for labor (in wages, pensions, and other benefits) rather than on how the labor, once purchased, may be used. Basic decisions regarding the organization of production are not considered by most unionists as legitimate issues for negotiation. Disputes over working conditions do arise, of course, but rarely concern securing for labor the rights of management. They involve instead efforts to pro
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Rhomberg, Chris. "The struggle for a new labor regime: The US." Tempo Social 32, no. 1 (2020): 99–118. http://dx.doi.org/10.11606/0103-2070.ts.2020.164863.

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This essay examines the American labor movement since the 2008 economic crisis. I begin with a brief review of the structural, institutional, and organizational conditions for labor before the crisis, including changes in employment and the labor force, the conflict between New Deal and anti-union labor regimes, and the emergence of new repertoires in the labor movement. These form the context for the financial crash, and the failure of policy to challenge corporate power. I then discuss the conservative political offensive against unions and movement initiatives at state and local levels. The
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Brown, Cliff, and John Brueggemann. "Mobilizing Interracial Solidarity: A Comparison of The 1919 and 1937 Steel Industry Labor Organizing Drives." Mobilization: An International Quarterly 2, no. 1 (1997): 47–70. http://dx.doi.org/10.17813/maiq.2.1.h7627q8274573037.

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We examine working-class race relations during two steel industry unionization efforts: the 1919 AFL drive and the 1937 CIO drive. Racial conflict divided steel workers in 1919 but interracial labor solidarity prevailed in 1937. We contrast the two drives using event-structure analysis (ESA) to highlight the imputed causal connections in our argument. Comparison of the 1919 and 1937 cases suggests that three developments were necessary for interracial solidarity in steel. First, industrial unions had to replace craft unions, which promoted class-oriented organizing strategies. Second, interrac
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Silva, Mauri Antônio da. "The impact of the economic crisis on labor rights in Brazil." Revista Katálysis 22, no. 2 (2019): 252–72. http://dx.doi.org/10.1590/1982-02592019v22n2p252.

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Abstract This article carries out bibliographical research and analyzes the situation of the Brazilian workers in the context of the current national economic crisis, demonstrating an increase in unemployment rates after the approval of the 2017 labor reform by the National Congress. The economic analysis shows that the reform (considered here a counter-reform) was a measure of counter-trend planned by the capitalists to cope with the fall in profit rates. The trade unions’ struggle was not able to avoid the regressive changes in the Brazilian labor legislation, which deteriorate the labor con
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DAVLETOV, I. I. "THE CURRENT STATE AND EVOLUTION OF THE DEVELOPMENT OF TRADE UNION ORGANIZATIONS AT THE REGIONAL LEVEL." EKONOMIKA I UPRAVLENIE: PROBLEMY, RESHENIYA 2, no. 8 (2020): 94–100. http://dx.doi.org/10.36871/ek.up.p.r.2020.08.02.013.

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In modern economic conditions, trade union organizations are necessary to protect the rights and interests of workers, improve the quality of life, and ensure social guarantees. The trade union unites: employees of the enterprise, students of secondary and higher vocational education institutions, temporarily unemployed able-bodied citizens, pensioners. Trade union organizations carry out a great deal of work to protect the social and labor rights and interests of workers, to increase the level of motivation of trade union membership. All this makes it possible to attract youth to the ranks of
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Colistete, Renato P. "Trade Unions and the ICFTU in the Age of Developmentalism in Brazil, 1953–1962." Hispanic American Historical Review 92, no. 4 (2012): 669–701. http://dx.doi.org/10.1215/00182168-1727972.

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Abstract This article examines the relations between the International Confederation of Free Trade Unions (ICFTU) and its local allies in Brazil during the 1950s and early 1960s. Devised as a tool for uniting non-Communist trade unions worldwide, the ICFTU saw its influence limited by US labor policies toward Latin America and the conditions of labor politics in Brazil, contrary to what happened in Western Europe. The developments on both domestic and international fronts of organized labor had important implications for the political economy of growth and inequality, as the confrontational pa
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Dissertations / Theses on the topic "Labor unions. Economic conditions"

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Machin, Stephen. "The impact of unions on economic performance : empirical tests using British micro-data." Thesis, University of Warwick, 1988. http://wrap.warwick.ac.uk/106625/.

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To date, most applied econometric work analysing the effects of British trade unions has concentrated on their effect on relative wages. However, a considerable body of U.S. evidence suggests that unions significantly influence other economic variables. This thesis attempts to explore some of these issues using British data and uses econometric techniques to consider the effects of unions on productivity, profitability and the relationship between unionism and schemes which link workers' pay to performance. As the tendency in recent years has been for collective bargaining to take place at the
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Kappo-Abidemi, Christiana Omolayo. "South African and Nigerian workers' perceptions of their trade union federations : a comparative analysis of the Congress of South African Trade Unions (COSATU) and the Nigeria Labour Congress (NLC)." Thesis, Cape Peninsula University of Technology, 2012. http://hdl.handle.net/20.500.11838/2085.

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Thesis (MTech (Human Resource Management))--Cape Peninsula University of Technology, 2012.<br>South Africa and Nigeria are both African countries, while the former is located in the southern region of the continent, the latter can be found in the western region. The Congress of South African Trade Unions (COSATU) is the largest trade union federation in South Africa with twenty-nine affiliate unions. The trade union federation entered into an alliance with the ruling African National Congress (ANC) government owing to their long-standing involvement in the struggle for freedom during the
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Whiteley, Julianne Beverley. "Trends in mobilisation and unionisation in South Africa and Germany: a comparative analysis." Thesis, Rhodes University, 2001. http://hdl.handle.net/10962/d1003125.

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The purpose of this study is to investigate long-term trends in the union membership of South Africa and Germany, and to highlight trends in unionisation in both of these countries over a period of time. The long-term aspect of this study differentiates it from more detailed specific studies concerned with the individual fortunes of confederations or unions. The changing fortunes of trade unions have been associated with changes in work organisation, the influence of institutional pressures, or long term changes in the economic cycle. All these factors may, of course, shape and be shaped by ea
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Rovida, Flavio. "The effect of unions on investment and innovation decisions theory and empirical evidence." Thesis, University of Warwick, 1995. http://wrap.warwick.ac.uk/3667/.

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The aim of this thesis is to analyse the effect of unions on investment and innovation decisions, both at the theoretical and the empirical level. The theoretical analysis deals with the choice of adoption of a new technology in the presence of an oligopolistic product market. A duopoly is considered for the ease of exposition. Unions are assumed to affect innovation decisions only via wage bargaining. The results show that environments where unions have a relatively strong (and not very spread) bargaining power tend to harm, ceteris paribus, innovation. If, instead, there is enough spread bet
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Hild, Matthew George. "Greenbackers, Knights of Labor, and Populists : farmer-labor insurgency in the late-nineteenth-century South." Diss., Georgia Institute of Technology, 2002. http://hdl.handle.net/1853/25691.

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Nepgen, Arnold. "The impact of globalisation on trade unions : Cosatu’s present and future engagement in international issues." Thesis, Stellenbosch : Stellenbosch University, 2008. http://hdl.handle.net/10019.1/1951.

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Thesis (MA (Political Science. International Studies))--Stellenbosch University, 2008.<br>The effects of ‘accelerated globalisation’ can not be denied when observing modern innovations shaping human life. Its development and consequent revolutionary impact is unlike any other in modern history. The last half of the twentieth century witnessed changes in exponential terms, such as informational and technological innovations that constantly redefine the way people function. This study focuses on the effect of globalisation on trade unions, paying particular attention to the formation of li
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Rocha, Herrera Elvira Natalia. "Worker and Union responses to restructuring and privatisation in two Mexican enterprises : an intersectional analysis of class, gender and age." Thesis, University of Warwick, 2008. http://wrap.warwick.ac.uk/2238/.

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Economic restructuring in Mexico has had important consequences for the participation of workers and the nature and distribution of work. This phenomenon as a global tendency is posing many challenges to workers, though different sets of workers may experience these challenges differently. This study analyses workers’ experiences and responses to the process of privatisation in two Mexican companies, with particular reference to the role and influence of the union in each of these companies. The research is based upon in-depth interviews with young and old, men and women, managers, white-colla
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Russell, John. "The role of socialist competition in establishing labour discipline in the Soviet working class, 1928-1934." Thesis, University of Birmingham, 1987. http://etheses.bham.ac.uk//id/eprint/1290/.

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Between 1928 and 1934 Soviet society experienced what amounted to two industrial revolutions: the adaptation of a largely non-industrial working population to industry and the introduction of new technologies and methods of management. These radical changes inevitably gave rise to problems of labour discipline, expressed most graphically in soaring rates of labour turnover and absenteeism. These problems were exacerbated by the pace, intensity and scope of Soviet industrialisation and by the social policies that accompanied this drive. As in any such process these problems had to be tackled by
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Faniel, Jean. "Les syndicats, le chômage et les chômeurs: raisons et évolution d'une relation complexe." Doctoral thesis, Universite Libre de Bruxelles, 2006. http://hdl.handle.net/2013/ULB-DIPOT:oai:dipot.ulb.ac.be:2013/210879.

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En Belgique, 85% des chômeurs sont affiliés à une organisation syndicale. Cette situation inhabituelle est principalement due à la fonction d’organisme de paiement des allocations de chômage que remplissent les trois syndicats interprofessionnels. L’objet de la thèse est d’examiner les origines de la relation particulière qui découle de cet état de fait et de questionner ses implications tout à la fois pour les syndicats et pour les chômeurs.<p><p>Les développements théoriques se penchent sur le mode de fonctionnement et sur les déterminants de l’action des organisations syndicales, sur les ca
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Nzimande, Blade. "Deepen the strategic relationship between the SACP and COSATU, with and for the workers and the poor." Bua Komanisi, 2003. http://hdl.handle.net/10962/66245.

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Cde President, Willie Madisha, Cde Zwelinzima Vavi, General Secretary and all COSATU national office-bearers, leadership of COSATU affiliates, leadership of the ANC present, Cde Jeremy Cronin and the SACP delegation, local and international guests, cde delegates. As the SACP we are deeply honoured by the invitation to come and address your congress. This occasion might go down in history as one of the most important congresses in the history of this Federation, this, the 8th Congress of the Congress of South African Trade Unions.
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Books on the topic "Labor unions. Economic conditions"

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1963-, Noda Tomohiko, ed. The economic effects of trade unions in Japan. St. Martin's Press, 2000.

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MacDonald, Lois. Labor and the N.R.A. Affliliated Schools for Workers, 1987.

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Berg, Annette van den. Trade union growth and decline in the Netherlands. Thesis Publishers, 1995.

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Zimbabwe Congress of Trade Unions. Economic literacy manual for trade union trainers and readers: The Zimbabwean economy globalisation collective bargaining. Labour & Economic Development Research Institute Zimbabwe, 2008.

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Harrington, Michael. The future of American labor. Research Institute of the Friedrich-Ebert-Stiftung, 1988.

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Cardoso, Adalberto Moreira. Sindicatos, trabalhadores e a coqueluche neoliberal: A era Vargas acabou? Fundação Getulio Vargas Editora, 1999.

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Garretón, Oscar Gmo. Cambios estructurales y movimiento sindical en Chile. Centro de Estudios Sociales, 1989.

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Chernov, A. B. Profsoi͡u︡zy i sot͡s︡ialʹno-ėkonomicheskie problemy FRG v 80-e gody: Nauchno-analiticheskiĭ obzor. Akademii͡a︡ nauk SSSR, In-t nauch. informat͡s︡ii po obshchestvennym naukam, 1987.

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Turone, Sergio. Il sindacato nell'Italia del benessere: Sergio Turone. Laterza, 1989.

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Torrents, Antoni Gavaldà i. El primer franquisme sindical a Tarragona i comarca: Persones i actuacions. Arola Editors, 2013.

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Book chapters on the topic "Labor unions. Economic conditions"

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Shumilina, Vera, and Ekaterina Krasnyanskaya. "MONOPSONY IN THE LABOR MARKET." In Problems of the labor market of the Russian Federation and its legal support in the context of economic recession and pandemic. AUS PUBLISHERS, 2021. http://dx.doi.org/10.26526/chapter_60252bdedb25f8.28308572.

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This chapter will discuss monopsony and its problems in the labor market: does the monopsony of employees and working conditions have a negative impact; why are trade unions created and how do they affect this situation?
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Herod, Andrew. "Labor Unions and Economic Geography." In A Companion to Economic Geography. Blackwell Publishing Ltd, 2017. http://dx.doi.org/10.1002/9781405166430.ch21.

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Zepeda, Roberto. "The Economic Performance and Labor Markets." In The Decline of Labor Unions in Mexico during the Neoliberal Period. Springer International Publishing, 2021. http://dx.doi.org/10.1007/978-3-030-65710-9_6.

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Streeck, Wolfgang. "12. The Sociology of Labor Markets and Trade Unions." In The Handbook of Economic Sociology, Second Edition, edited by Neil J. Smelser and Richard Swedberg. Princeton University Press, 2010. http://dx.doi.org/10.1515/9781400835584.254.

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Kemp, Murray C., and Koji Shimomura. "A Neglected Corner: Labor Unions and the Pattern of International Trade." In Joan Robinson and Modern Economic Theory. Palgrave Macmillan UK, 1989. http://dx.doi.org/10.1007/978-1-349-08633-7_30.

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Tachibanaki, Toshiaki, and Tomohiko Noda. "The Effect of Unions and Employee Voice on Wages and Working Conditions: Their Endogeneity Problem." In The Economic Effects of Trade Unions in Japan. Palgrave Macmillan UK, 2000. http://dx.doi.org/10.1057/9780333983805_6.

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Tachibanaki, Toshiaki, and Tomohiko Noda. "The Effect of Voices on Working Conditions and Their Economic Interpretation Based on Enterprise Unionism." In The Economic Effects of Trade Unions in Japan. Palgrave Macmillan UK, 2000. http://dx.doi.org/10.1057/9780333983805_7.

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Sokolova, Al'bina, and Ilia Chernyshov. "COMPONENTS OF THE ECONOMIC SECURITY OF BUSINESS IN A REMOTE WORK FORMAT." In Business security management in modern conditions. AUS PUBLISHERS, 2021. http://dx.doi.org/10.26526/chapter_60258635a22541.06109515.

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the article examines the key features and problems of economic safety of labor in the conditions of remote work format. The need to develop measures to protect the labor and socio-economic rights of users in the digital space is shown. Classification of security components is presented, functional components and structural elements of economic security are analyzed.
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Shumilina, Vera, and Vlada Poluyan. "ANALYSIS OF ECONOMIC SECURITY OF THE BUSINESS ENTITY." In Business security management in modern conditions. AUS PUBLISHERS, 2021. http://dx.doi.org/10.26526/chapter_60258635899182.47583459.

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The category "economic security of an economic entity" is a combination of legal and economic conditions that ensure the sustainable functioning of business structures in the future. The importance of financial security lies in eliminating the risks of decreasing the productivity of an organization through the use of economic, labor, financial and natural resources in legal and efficient ways. Analysis and diagnostics of financial and economic activities of business entities are considered an integral part of ensuring economic security.The reliability of the results of these studies depends on the reliability of the information that is used as the main base. Ultimately, this is determined by the reliability of the enterprise's accounting system.
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Shumilina, Vera, and Mikhail Onopchenko. "LABOR MARKET IN MODERN RUSSIA." In Problems of the labor market of the Russian Federation and its legal support in the context of economic recession and pandemic. AUS PUBLISHERS, 2021. http://dx.doi.org/10.26526/chapter_60252bded01802.02433180.

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The chapter examines the problems of studying the labor market in the Russian Federation in modern conditions, its formation and functioning, as well as state regulation of employment of the entire population of the country.
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Conference papers on the topic "Labor unions. Economic conditions"

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Umarov, Khodjamahmad. "National Interests and Eurasian Economic Integration." In International Conference on Eurasian Economies. Eurasian Economists Association, 2014. http://dx.doi.org/10.36880/c05.01167.

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Integration processes, both on global and on regional levels faced serious barriers. Research of these barriers shows that they are connected with irreversible nature of integration processes. The last 30 years behind some exceptions these processions consisted an essence of economic globalization and regionalization trends. Economic integration was focused on realization of small group of oligarchs and the state bureaucrats’ interests. Such orientation with inevitability brought into an impasse which can be explained as the serious crisis phenomenon. In the report the assessment of influence
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Sulaimanova, Burulcha, and Daniyar Jasoolov. "International Migration in Kyrgyzstan: Dynamics and Determinants." In International Conference on Eurasian Economies. Eurasian Economists Association, 2017. http://dx.doi.org/10.36880/c08.01831.

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After disintegration of Soviet Union, mass labor migration has been seen in newly independent states. This migration mostly caused by ethnic reasons, while after mid of 1990's the migration predominantly reasoned by economic issues, such as differences in economic growth, wage levels, social conditions and welfare in countries of destination and origin. Due to labor migration in Kyrgyzstan, which is count around the 10 % percent of active population of the country, and high remittance inflow, which is more than 30 % of Gross Domestic Product of Kyrgyzstan, it is important to investigate the fa
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MAMAI, Oksana, and Igor MAMAI. "OPTIMIZATION OF THE MANAGEMENT MECHANISM FOR THE INNOVATIVE DEVELOPMENT OF THE REGION’S AGRICULTURAL SECTOR." In RURAL DEVELOPMENT. Aleksandras Stulginskis University, 2018. http://dx.doi.org/10.15544/rd.2017.054.

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The current trends in the development of innovative activities in Russia are far from fully meeting the expectations associated with improving the competitiveness of products and the quality of life of the population, with the provision of dynamic sustainable growth, and the formation of the innovative economy. The mixed nature of the Russian economy, the fundamentally different technological level and institutional conditions for the development of various sectors exclude the possibility of defining a single model of innovative development that is universal for all sectors. In the current con
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Igorevna, Berg Tatiana, Belonogova Ekaterina Vasilevna, Demchenko Svetlana Kapitonovna, Zlotnikov Maxim Sergeevich, and Saraskina Lyubov Evgenevna. "Labor Potential Reproduction Transformation in Digital Economy Conditions." In “New Silk Road: Business Cooperation and Prospective of Economic Development” (NSRBCPED 2019). Atlantis Press, 2020. http://dx.doi.org/10.2991/aebmr.k.200324.042.

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Mendel, Anna, Darya Smirnova, Marina Yashina, and Lenar Safiullin. "Institutional Regulatory Mechanisms of Russian Labor Market in Economic Integration Conditions." In Proceedings of the International conference "Economy in the modern world" (ICEMW 2018). Atlantis Press, 2018. http://dx.doi.org/10.2991/icemw-18.2018.69.

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Haykır Hobikoğlu, Elif, and Ahmet İncekara. "A Comparative Analysis of Turkey’s and Other OECD Countries’ Decent Work Structures." In International Conference on Eurasian Economies. Eurasian Economists Association, 2016. http://dx.doi.org/10.36880/c07.01603.

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This study examines all the efforts paid since the year 2000 for improving the working conditions of decent work which is a concept that has been in use by the International Labour Organization. A comparative analysis of Turkey's and other OECD counties' decent work structures is presented in our study which has been conducted by looking at such indicators as wages paid for labour, working conditions, social security rights, union rights, income security, annual leave durations, existence of social dialogue, labour participation rates, social assistance, social protections, the state of human
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Смирнякова, Виктория Владимировна, and Федор Александрович Орлов. "LABOR CONDITIONS OF THE COAL INDUSTRY WORKERS." In Сборник избранных статей по материалам научных конференций ГНИИ "Нацразвитие" (Санкт-Петербург, Май 2021). Crossref, 2021. http://dx.doi.org/10.37539/may191.2021.46.98.050.

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Авторами приведены статистические данные по удельному весу работников, занятых во вредных условиях труда. Проведен анализ статистических данных за период с 2017 года по 2020 год по основным вредным производственным факторам по отдельным видам экономической деятельности. Рассмотрены неблагоприятные факторы при добыче полезных ископаемых и структура профессиональной заболеваемости шахтеров. The authors present statistical data on the specific weight of workers engaged in harmful working conditions. A statistical data analysis for the period from 2017 to 2020 was carried out on the main harmful p
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Bogatyreva, I. V. "Corporate Management Of Labor Rationing In Conditions Of Digital Modernization." In Proceedings of the II International Scientific Conference GCPMED 2019 - "Global Challenges and Prospects of the Modern Economic Development". European Publisher, 2020. http://dx.doi.org/10.15405/epsbs.2020.03.64.

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Ergunova, Olga, Pavel Bochkov, and Oleg Viktorov. "The economic component of labor migration in a megacity in the conditions of new industrialization." In Proceedings of the 2nd International Scientific conference on New Industrialization: Global, national, regional dimension (SICNI 2018). Atlantis Press, 2019. http://dx.doi.org/10.2991/sicni-18.2019.144.

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Nazarova, Ulyana Anatolyevna, Aigul Sharifovna Galimova, Oleg Aleksandrovich Alekseev, and Albina Eduartovna Galina. "Sustainable development of system of social-labor relations in conditions of transformation of labour and entrepreneurship." In International Conference on Trends of Technologies and Innovations in Economic and Social Studies 2017. Atlantis Press, 2017. http://dx.doi.org/10.2991/ttiess-17.2017.33.

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Reports on the topic "Labor unions. Economic conditions"

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Freeman, Richard, and William Rodgers. Area Economic Conditions and the Labor Market Outcomes of Young Men in the 1990s Expansion. National Bureau of Economic Research, 1999. http://dx.doi.org/10.3386/w7073.

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Vargas-Herrera, Hernando, Juan Jose Ospina-Tejeiro, Carlos Alfonso Huertas-Campos, et al. Monetary Policy Report - April de 2021. Banco de la República de Colombia, 2021. http://dx.doi.org/10.32468/inf-pol-mont-eng.tr2-2021.

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1.1 Macroeconomic summary Economic recovery has consistently outperformed the technical staff’s expectations following a steep decline in activity in the second quarter of 2020. At the same time, total and core inflation rates have fallen and remain at low levels, suggesting that a significant element of the reactivation of Colombia’s economy has been related to recovery in potential GDP. This would support the technical staff’s diagnosis of weak aggregate demand and ample excess capacity. The most recently available data on 2020 growth suggests a contraction in economic activity of 6.8%, lowe
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Monetary Policy Report - October 2020. Banco de la República de Colombia, 2021. http://dx.doi.org/10.32468/inf-pol-mont-eng.tr4.-2020.

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Recent data suggest that the technical staff’s appraisals of the condition and development of economic activity, inflation and the labor market have been in line with current trends, marked by a decline in demand and the persistence of ample excess productive capacity. A significant projected fall in output materialized in the second quarter, contributing to a decline in inflation below the 3% target and reflected in a significant deterioration of the labor market. A slow recovery in output and employment is expected to continue for the remainder of 2020 and into next year, alongside growing i
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