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COVID-19 crisis

COVID-19 crisis latest publications

June 17, 2021

Colombia | Time of hope

The challenging context that Colombia is facing due to the higher peak of contagions, the hard economic conditions and the slow recovery of employment, pose a challenge for all of us. This must be faced with hope in order to quickly reach a consensus that will sustain social spending and propel us back to recovery.

June 16, 2021

Argentina | Real-time consumption monitoring (Jun 16, 2021)

Total consumption rebounded after the drop at the end of May, although YoY growth is still negative. The level of spending so far in June is below that of the same period in 2020. Our indicators forecast a weak second quarter due to mobility restrictions.

June 2, 2021

Argentina | Real-time consumption monitoring (Jun 2, 2021)

The tightening of sanitary measures at the end of May decreased consumption to April 2020 levels, affecting categories related to mobility and "non-essential" activities. A significant improvement in the level of Argentina's spending on the path towards the new normality is not yet visible.

June 1, 2021

Mexico | Remittances surprise in April (+ 39.1%), world remittances contract 2.4% in 2020

In April 2021, 4,048 million USD entered Mexico in remittances, it is the second largest month exceeded only by March 2021. In 2020, the World Bank estimated that remittances worldwide could fall 19.9% in 2020, however, the latest estimates suggest that they only contracted 2.4%.

May 19, 2021

Argentina | Real-time consumption monitoring (May 19, 2021)

The recent Hot Sale boosted spending levels in goods above pre-pandemic records after all items showed a contraction in consumption during April. Construction spending forecasts a slowdown in activity. The new wave of contagions impacts ATM withdrawals.

May 11, 2021

Uruguay Economic Outlook 2021

The global economy keeps recovering in spite of the uncertain epidemiological context. World GDP growth should be 5.9% in 2021. The worsening health situation slows down economic activity in Uruguay, which will grow less than expected in 2021.

May 5, 2021

Argentina | Real-time consumption monitoring (May 5, 2021)

Despite the YoY peak in consumption growth, spending levels have not been able to return to pre-pandemic figures. Activity is forecast to increase in March and April, compared to 2020, contrary to what is expected to happen with supermarket purchases.

May 4, 2021

Colombia | Unemployment declined in March, but with a poor behavior of the labor market

In March, the unemployment rate declined, compared to February, but with a weak performance of the labor market. As of March 2021, it had recovered 79% of the 6.0 million jobs lost between February and April, the time of the worst labor market deterioration.