New Covid19 restrictions would have an economic cost of $ 2.3 to $ 3.6 bn: Fedesarrollo

According to a study published by Fedesarrollo, the new confinement measures that have been established in various areas of the country due to the second wave of Covid infections would have an economic cost of between $ 2.3 and $ 3.6 billion, equivalent to 0.8 % and 1.2% of GDP. Fedesarrollo also highlights that the confinement measures will impact the labour market. An increase of between 0.6 percentage points (pps) and 0.9 pps in the unemployment rate is estimated, equivalent to 146,000 and 220,000 jobs lost.

Source: La República