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July 6, 2020

Colombia | Effects of COVID-19 on May employment

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.

July 3, 2020

Colombia | Weekly update BBVA Tracker: Consumption. 3 July, 2020.

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.

June 24, 2020

Colombia | BBVA Tracker: Consumption. 24 June, 2020.

In this weekly update of our BBVA Tracker indicator: Consumption, we carry out an analysis at the level of sector, city, type of payment and form of purchase on the first VAT holiday carried out in the country on June 19, 2020. We found that there is an important effect on consumption and e-commerce.

June 19, 2020

Colombia | Weekly update BBVA Tracker: Consumption. June 19, 2020

In order to contribute to the analysis of the Colombian economy and take the pulse of the recovery, a project of high-frequency indicators was structured to measure the behaviour of the economy in real time, called the BBVA Economic Tracker. This first issue contains the section on tracking consumption

June 11, 2020

Colombia | BBVA Economic Tracker Consumption

In order to contribute to the analysis of the Colombian economy and take the pulse of the recovery, a project of high-frequency indicators was structured to measure the behaviour of the economy in real time, called the BBVA Economic Tracker. This first issue contains the section on tracking consumption

June 5, 2020

Colombia | Effects of COVID-19 on April employment

Between March and April, the number of workers fell by 4.4M, to 2003 levels. The effects of COVID on the occupation will begin to be mitigated, as the economy opens up. Its effects on unemployment will take longer to begin to reverse. By the end of 2020, both employed and unemployed will be far from their pre-COVID levels

May 12, 2020

Colombia | Effects of COVID-19 on March employment

An unprecedented monthly fall in employment of 7% or 1.6 million people was observed in March. The sectors that contributed the most to the fall in employment were retail and entertainment-related activities. Most of the jobs lost were of employees in private companies

April 28, 2020

Colombia Outlook. Second Quarter 2020

Colombian GDP will contract around 3% in 2020, as a result of COVID-19 and oil price reduction. Due to confinement, sectors will reduce output with effects on employment and social indicators. Inflation will moderate driven by a weak demand and despite the exchange rate depreciation. The central bank will reduce rates.