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Thousands March In Protest Of President's Reform Agenda, Trade Balance Data Due

COLOMBIA
  • President Gustavo Petro informed that a bill intended to boost the rights of Colombian workers failed to pass congress. In a post on Twitter, Petro blamed “owners of capital” and the media for “co-opting congress against the dignity of the working population.”
    • Economics think tank Fedesarrollo and some other analysts had warned that the bill risked increasing the number of people working in the black market without formal contracts.
  • Thousands of people marched in Colombia on Tuesday to voice their frustration with President Gustavo Petro’s government and its attempts to make sweeping changes to the nation’s health and pension systems, and its labor laws.
  • Colombia will publish monthly trade data, scheduled for 1600BST/1100ET:
    • April Trade Balance M/m, est. -$900m, prior -$1.08b
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