July 2, 2020
Sectoral and Digital Economy Analysis & Industrial Organization
Sectoral and Digital Economy Analysis & Industrial Organization latest publications
Social Security enrolment increased by 68,200 people (-4.6% p/a) in June and unemployment rose by 5,100 (28.1% p/a). Adjusted for seasonality, employment grew by 27,400 people, but unemployment continued to rise (80,900). In 2Q20, affiliation fell by 4.7 t/t CVEC and the number of unemployed rose by 18.8%.
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?
A recent European Commission report highlights the relevance of research and innovation policies are playing to lead two of the largest challenges that we are embarking upon globally: (social, environmental and economic) sustainability and digitization.
The drop in household spending is unprecedented. BBVA's credit card spending data went from an increase of around 10% in Catalonia before the state of alarm to a drop of almost 60% following its implementation.
The digital transformation of financial services has opened up the market to new providers: FinTech start-ups and BigTechs. In this article, we explain how policymakers’ mindset should evolve towards a comprehensive response to ensure the financial sector remains safe, stable and open to competition.
The mortgage burden is low, but should increase in 2020. FIBRAs and the real estate market in Mexico. Mortgage sector contractions in Mexico.
The health crisis is causing an unprecedented collapse in consumption. Spending on durable goods loses in three months what it has regained in seven years. The decline in vehicle purchase intentions anticipates a significant contraction in demand in 2020, which will rebound in 2021.
COVID-19 will have a negative impact on vehicle sales through 2020 due to lockdowns and economic contraction. The worst impact is likely to be felt in 2Q.