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We are faced with a pandemic whose economic impact will likely cause the biggest drop in global GDP since the end of the Second World War. The uncertainties are enormous.
The enormous human cost of the coronavirus crisis is in addition to a considerable global economic impact, which will almost certainly lead to negative growth rates in most of the advanced economies.
March 23, 2020
Mexico | 11.8 million employees excluded from health and income below the poverty line
In a context of economic recession and health crisis, the impact on the labor market is widespread, however, it has a greater impact on the most vulnerable workers with low-income levels and excluded from social security.
In recent years, there have been warnings about the outbreak of a new international crisis. But the cause of the global crisis is the unknown risk that nobody expected: the COVID-19 pandemic.
BBVA Research has analyzed developments in the Valencian tourism sector for a number of years, and seen the important changes that it has undergone. The sector generates around EUR 16 billion per year (15% of regional GDP) and is responsible for 290,000 jobs (15% of total employment).
After growing 1.9% in 2018, the economy of Extremadura could have grown by 1.8% in 2019. It will advance by 1.6% in 2020 and 2021, reducing the unemployment rate to 19.8% in 2021. The average GDP pc annual growth rate will be 2.0%, more than half a point above the Spanish average, with a demographic fall in the region
Next Monday, March 9, a national strike called “A day without us (women)” will take place. The economic impact is estimated to reach 34,571 million pesos: 23,200 million pesos in paid economic activities and 11,371 million pesos for unpaid work in domestic and care activities.
This study aims to analyze the dynamics of the labor market in order to propose the Labor Market Stress and Performance Index estimated on the basis of the method of Iterative Principal Component Analysis, which allows identifying short term changes in the labor market dynamic related to access and job creation.