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Price hikes for petrol, electricity, water and gas are among several adjustment measures that will drive up living costs, compounding already high inflation. Meanwhile…
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DOI: 10.1108/OXAN-DB285006
ISSN: 2633-304X
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Topical
The economic damage caused by the COVID-19 pandemic will be less severe than in other parts of Latin America. It is nevertheless weighing on activity, with structural weaknesses…
This is close to the ceiling of the target band of 2.25-5.25% set for this year. In response, the Central Bank last week raised its benchmark interest rate from a record low of…
Indicators bottomed out after April. Most economists now expect GDP to contract by 5.5-6.0% this year, a severe blow to an economy that had yet fully to recover the ground lost in…
This will affect consumer borrowing as people become unable to afford new loans or repay old ones, and the housing market may experience a slump. Low-interest loan schemes to stop…
Partial or complete lockdowns are taking a heavy toll on activity, with a pronounced impact on construction (down 70.5%), manufacturing (down 29.5%), hotels and restaurants (down…
COVID-19.
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DOI: 10.1108/OXAN-DB252544
ISSN: 2633-304X
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Geographic
Topical
The second quarter will almost certainly be worse. COVID-19 containment measures have hit consumption and investment while a US slowdown in the first half of the year has weighed…
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DOI: 10.1108/OXAN-DB255105
ISSN: 2633-304X
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Geographic
Topical
With the economy expected to contract by at least 5.4% this year, government measures to cushion the effects of the crisis are unlikely to be enough to stem worsening hardship for…
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DOI: 10.1108/OXAN-DB256305
ISSN: 2633-304X
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Geographic
Topical
The government has again extended its self-imposed deadline to complete debt restructuring talks until June 12 and there is increased optimism about an eventual deal despite last…