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September 3, 2020

Colombia | Effects of COVID-19 on July employment

In July, the pace of job creation moderated and the number of unemployed fell, reflecting the lack of dynamism in the labor force. As a result, the national unemployment rate fell from 20.8% to 19.8% between June and July.

August 24, 2020

Digitization in Latin America: a challenge that cannot be delayed

The disparate and slow digitization process in Latin America has contributed significantly to the slowdown in the region's economic and health recovery amid the COVID-19 health crisis.

August 10, 2020

Colombia | Effects of COVID-19 on June employment

Labor dynamics that began in May continued in June, at a slower pace, especially in the cities. The increase in labor supply seemed to moderate in June and less dynamism of employment (labor demand) was observed. The number of unemployed increased in June.

August 3, 2020

Mexico | Remittances in the time of COVID-19: hypothesis and different effects by region

In the second quarter of 2020, very marked differentiated effects were seen in remittances by region. The states of the Northwest region and the Traditional region presented increases in their flow of remittances, while the Central and South-Southeast region contractions, which leads us to propose THREE HYPOTHESES.

July 24, 2020

Uruguay | The problem is not the level of public debt but the ability to pay

Although the capacity to pay, as expressed by the debt-to-GDP ratios, does not seem unsustainable, the government should promote fiscal consolidation in order to prevent the debt from continuing to increase after 2022, ensuring sustainability in the medium term and the preservation of the Investor Grade.

July 16, 2020

Colombia Economic Outlook. Third Quarter 2020

Colombia started its recovery path after the strong second quarter shock due to the pandemic. This process will be slow and gradual and will be determined by sector openings approved by the national and local governments. GDP is expected to fall by 7.5% this year and to recover by 5.5% in 2021.

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.

June 23, 2020

Uruguay | Labor Market: what we can expect (and do) once the coronavirus is gone

Unemployment in Uruguay reached 10.1% in March, reflecting the effect of measures implemented to contain the outbreak of the coronavirus, in a poorly performing labour market. We expect the unemployment rate to rise to 14.2% this quarter. What are the challenges for the labor market in the wake of the pandemic?