As Colombia’s formal economy is struggling to recover from the coronavirus, many are resorting to informal labor after losing their formal jobs. According to statistics agency DANE, the country’s 2020…
Colombia’s economic recovery from the global recession caused by the coronavirus pandemic may take less time than previously anticipated, according to statistics agency DANE. With the exception of the banking…
Colombia’s government is developing a five-year plan to recover from the economic recession caused by the coronavirus pandemic. According to newspaper El Espectador, the Finance Ministry and the National Planning…
Colombia’s central bank expressed cautious optimism on Tuesday about the depth and length of the economic recession triggered by the global coronavirus pandemic. In its Monetary Policy report, the central…
Colombia’s President Ivan Duque said Friday that an “indefinite” lockdown in response to rising coronavirus infections would spur a “social and economic suicide.” Duque made his comments as countries throughout…
Colombia’s unemployment rose to 21.4% in May, despite efforts to reactivate the economy that was all but shut down in March in response to the coronavirus pandemic, statistics agency DANE…
International institutions are increasingly somber about Colombia’s future as President Ivan Duque and his finance minister seem to have no response to the coronavirus crisis. The president and Finance Minister…
Colombia’s finance minister promised Congress on Tuesday he would look into the possibility of implementing a universal basic emergency income in response to the economic crisis caused by the coronavirus.…
The coronavirus pandemic triggered Colombia’s unemployment rate to skyrocket to 19.8% in April, a rate not measured since one of the country’s worst crises in history in 2000. April’s rate…