December 3, 2020
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In Colombia there is a significant gender gap, especially for sectors of the labor market with high female participation, when analyzing the history it is obtained that the pandemic exacerbated this inequity, so it is necessary to work on policies that promote female inclusion to confront the deterioration.
Third quarter GDP fell 9.0% YoY, although it showed a significant rebound from its second quarter level, increasing 8.7% QoQ. The impetus for the recovery came from domestic demand, while exports remain very depressed. For the whole of 2020, a drop in GDP of 7.5% is expected.
October 30, 2020
Mexico | GDP grows 57.4% (annualized rate) in 3Q20 reaching 90.9% of its pre-COVID level
Economic activity regained ground in 3Q20 (12.0% QoQ, 57.4% at an annualized rate) after the reopening of activities that began in early June. With the momentum of the third quarter, the industry reaches 90.4% of its pre-COVID level, while the services sector 91.1%.
October 29, 2020
U.S.| 3Q20 GDP:Strong policy support drives historic rebound in GDP,but headwinds emerging
The U.S. economy showed astounding resiliency in the 3Q20. Strong monetary, fiscal and administrative support from the federal government, less restrictive lockdown measures and stronger impetus to end distancing measures contributed to the rebound.
The fall in GDP in Q2 (-18.5% QoQ; -22.1% YoY) slightly exceeded expectations and confirmed the serious effects of the containment. Domestic demand suffered most of the adjustment (-16.1pp QoQ; -4.2pp YoY), but external demand also fell. The fall in hours worked was intense and productivity increased.
July 30, 2020
U.S. | 2Q20 GDP: Worst quarter on record overshadowed by strengthening pandemic headwinds
GDP dropped by 32.9% in the second quarter, marking the steepest decline in over-the-quarter growth since 1937. The rise in the number of COVID-19 cases since mid-June has lowered the likelihood of the “V-shaped” recovery. Economic and health outcomes will be interwoven in the near future.
The Covid-19 spread, along with the mobility restrictions, hit an economy with a three-year long recession. These facts lead us to expect a “square root” shape to emerge from the crisis in the following quarters, mainly driven by a “statistical rebound” rather than a genuine economic recovery.
The road to recovery will be long and bumpy. Mexico needs countercyclical economic policies and to regain investor confidence to better address the challenging environment.