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May shows progress in the labor market, due to the gradual opening of the economy, with the recovery of 15% of the jobs and 33% of the labor force lost between February and April. However, the high level of inactivity seen until April translated into an increase in the number of the unemployed in May.
The fall in GDP expected as a result of COVID-19 will be unparalleled in history. The decline in GDP per working-age population in 2020 is expected to be 10% greater than the decline seen in 2019, marking a return to levels seen in 2015.
As climate change and sustainability become more important measures of risks to assets and investment opportunities, the question of which U.S. cities are best positioned to lead in sustainable development needs to be addressed.
This weekly update analyses the consumption behaviour during June. We found that there is a 12 percentage point recovery in June consumption compared to the previous month. We can also see a correction in the consumption of goods after the upturn generated by the VAT holiday.
In this publication you will find, on a weekly basis, our selection of the most relevant news regarding financial regulation.