Three interesting news today

In this note we describe three important news on social security and economic growth. The first is about a reform adopted in Mexico to regulate outsourcing companies. The reform was approved in the Social Security Commission and seek to amend the Social Security Act to regulate outsourcing companies and put locks to prevent evasion of obligations of employers at the Instituto Mexicano del Seguro Social (IMSS). Studies indicate that outsourcing firms could evade some 6 billion pesos in employer contributions of IMSS.

The second states that the new federal subsidy to help laid-off workers in the United States pay for health insurance could be out of reach for thousands of jobless workers because they worked for a small company or their former employer has gone out of business.

The third note is about the projections of the International Monetary Fund (IMF) presented in the April World Economic Outlook. According to the IMF the global economy is projected to shrink by 1.3 percent in 2009, with a slow recovery expected to take hold next year.