Global | The COVID-19 impact on Consumption in Real Time and High Definition: March 5th
Published on Friday, March 5, 2021
Global | The COVID-19 impact on Consumption in Real Time and High Definition: March 5th
The impact of the third wave was higher than the second one, but still far away from the first one. The recovery is still uneven across sectors and countries. New waves and restrictions narrowed the gap between LATAM countries and the rest.
Key points
- Key points:
- Consumption growth accelerated during February in Turkey and Colombia, while decelerated sharply in Peru given new restrictions.
- Consumption growth rates remain in the positive area at the end of February. The USA gained ground after the storm and Peru is starting to recover from the new lockdown.
- Entertainment expenditure remained less subdued in LATAM, while the opposite happened for transport spending. The gap between e-commerce and physical purchases widened in Peru with the new restrictions.
Documents to download
Authors
- Vanessa BelapatiñoBBVA Research - Senior Economist
- Filip Blazheski
- Adrian Casillas
- María Paula CastañedaEconomist
- Tatiana Dávila Egas
- Berk Orkun Isa
- Juan Ramón GarcíaBBVA Research - Principal Economist
- Juan Manuel ManíasBBVA Research - Principal Economist
- Alvaro OrtizBBVA Research - Head of Analysis with Big Data
- Tomasa RodrigoBBVA Research - Lead Economist
- Pep RuizBBVA Research - Principal Economist
- Saide Aránzazu SalazarBBVA Research - Principal Economist
Topics
- Topic Tags
- Analysis with Big Data