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Consumption slows down in the last week of September but the whole month is above previous months. With the beginning of the new phase of isolation, the tourism sectors continue to rise but purchases in online channels are weakening.
The Mexican Institute of Social Security (IMSS) reported that 92.4 thousand formal jobs were created in August, equivalent to 8.3% of the 1.1 million jobs lost from March to July. The weak recovery in employment could not stop the deterioration of the labor market in a generalized way.
One issue that regularly comes up in the real estate market is knowing whether or not house prices are overvalued, especially when prices increase several quarters in a row. There's no easy answer, because it requires comparing the price with its equilibrium price.
The study analyzes the most relevant Contact-Free trends that have been reconfiguring our lives, that during the period of confinement and physical distancing due to the Covid-19 pandemic accelerated, and that will probably retain a strong dynamism in the coming years.
The response to the crisis has been overwhelming, and spending will increase to around 50% of GDP. Spain needs to establish a culture that demands greater accountability on how budgetary resources, and resources from the European recovery fund, are allocated.