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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.

July 3, 2020

Turkey | June CPI reinforces a worsening outlook

Consumer prices increased by 1.13% in June, remaining significantly above both the consensus and our expectation (0.6% vs. 0.45%). Thus, also led by the negative base effects, annual inflation accelerated to 12.62% from 11.39% in May.

July 3, 2020

Global | Geo-World: Conflict & Protest June 2020

Over 10M people have been affected by Covid-19. Latin America remains in the spotlight. China's security law for Hong Kong worsened China-U.S. relations. Anti-racism movement spread globally. President Putin can have two more six-year terms. Libya’s war intensified. Israel’s annexation plans of West Bank caused tensions.

July 2, 2020

U.S. | Positive June employment report overshadowed by worsening health crisis

U.S. economy showed further signs of strengthening with the labor market adding 4.8M jobs. While overall unemployment rates have declined, there remain significant disparities among groups.
  • Geography Tags
  • USA

July 2, 2020

Mexico | Central Banks help, but they are not the solution

The world is experiencing the deepest recession in the last hundred years. The IMF estimates that the global economy will contract 4.9% in 2020. Many countries will have contractions in the second quarter of this year of between 30% and 40% at annualized rates.

July 1, 2020

Peru | Negative monthly inflation in June

Lima's Consumer Price Index fell 0.27% m/m in June, a downside surprise for the market (Bloomberg Consensus: -0.10% m/m). With June's monthly result, year-on-year inflation slowed down to 1.6%, from 1.8% the previous month.
  • Geography Tags
  • Peru

June 29, 2020

Global | For the love of trade

The drop in the volume of global trade is reflecting the most severe global recession since the Second World War, both due to the economies affected and the intensity of the expected falls in GDP over the middle quarters of 2020.

June 25, 2020

Mexico | Recent increase in Infonavit delinquency owing to good accounting practices

The Institute's reclassification of 116,000 loans to the past-due portfolio, as they were considered to be outstanding, increased delinquency to 14%. This is an accounting change rather than a growing impairment of credit.