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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.

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    July 6, 2020

    Spain | COVID-19: A crisis of supply or demand?

    The fall in GDP expected as a result of COVID-19 will be unparalleled in history. The decline in GDP per working-age population in 2020 is expected to be 10% greater than the decline seen in 2019, marking a return to levels seen in 2015.

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    July 2, 2020

    U.S. Regional Outlook. July 2020

    The development of the COVID-19 remains the dominant factor for most regional economies. Many businesses, especially in the services sector, become insolvent due to the loss of income. Social distancing measures suppress people’s mobility.
    • Geography Tags
    • USA

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    July 2, 2020

    Spain| Historical drop in employment in 2Q, despite the ERTE & the positive figure in June

    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%.

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    June 30, 2020

    Spain | The cyclical position of the Spanish economy during the COVID-19 crisis

    This Economic Watch assesses the structural shocks that explain the cyclical behavior of the Spanish economy during the COVID-19 crisis. For this purpose, we use information from the latest forecasts from BBVA Research (2020) which are exogenous to the model.

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    June 29, 2020

    Spain | Castilla-La Mancha Economic Outlook 2020

    In Castilla-La Mancha, GDP could fall between 6.4% and 9% depending on the scenario and the recovery by 2021 could be insufficient to recover the GDP levels of early 2019. Employment could fall between 6.1% and 8.7% in 2020, which would mean losing between 20,000 and 32,000 jobs in the biennium.

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    June 29, 2020

    Spain | Working from home: Will and Ability

    While some readers, given their experience with it, might resent remote working, is the resentment they may be feeling toward this way of working really felt more widely? Answering that question is not just an academic exercise.

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    June 23, 2020

    Mexico | Job loss hasn't bottomed out yet: large companies with higher closing rates

    The COVID-19 pandemic has resulted in a loss of more than 1 million formal jobs in just three months. Given the uncertainty about the economic recovery and the number of closed and inactive companies, a further deepening of job losses is expected.

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