Keys & Trends Report - 2020-05-02

  • The COVID-19 pandemic has placed the country under strict quarantine for nearly two months. From now on, productive and commercial operations will be restarted in selected sectors, recognizing that activity may be re-restricted if contagion cases increase significantly.

  • The economy is suffering a shock that has already resulted in the worst recession in decades, with an expected 2.5%  GDP decline, according to the Central Bank.

  • The subsidies that the government has allocated to the “vulnerable " population--poor communities and informal workers-- and wage compensation to workers whose companies have ceased to operate, counteract the lack of income, although the slow and complex implementation has limited their impact.

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