María Claudia Llanes
•MSc. in Economics from the University of London, London
•Previous work experience: Research on pension systems at the National Planning Department of Colombia
•Research on Chilean pension system as a consultant in Chile
•Joined ERD BBVA Colombia on October 2009
In August of this year, the national unemployment rate was 10.6% and the urban unemployment rate was 10.8%. In seasonally adjusted terms, compared to the previous month, the unemployment rate remained relatively stable at the national and urban levels. The labor market showed a weak improvement in August.
BBVA Research estimate a Colombian economy grow stood at 6.8% YoY this year. In 2023, especially due to a moderation in private consumption, the economy will decelerate healthily to 2.0%. Inflation will close this year at 9.2% and fall to 5.0% by the end of 2023, thanks to the restrictive tone of monetary policy.
In May 2022, the national unemployment rate was 10.6%. In seasonally adjusted terms, compared to April 2022, the national unemployment rate decreased 0.7 percentage points. National employment grew strongly in May 2022, reinforcing its upward trend that began since the end of last year.