Colombian households have lost income of $ 7.9 bn due to the pandemic

Between March and October 2020, households have lost a total of $ 7.9 billion, or about 3% of GDP, according to the Center for Economic Studies (Anif) in its most recent economic report. Recently, statistics agency Dane released the labor market figures for October. The Unemployment Rate was 14.7%, 4.8 percentage points higher YoY, and the average of the first ten months of 2020 is 16.6%.

Source: Valora Analitik