Some sectors have suffered enormously as a result of the pandemic, while others have managed to continue to grow. Between these extremes are those we can call «intermediate» sectors.
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Temporary employment adjustment schemes, including the ERTE in Spain, are being widely used throughout Europe to cushion the impact of COVID-19 on the labour market.
How will the restrictions on activity affect the economic recovery? Our analysis suggests that, although business will pick up again in Q3 2020 thanks to increased mobility, most countries' GDP will still be well below the levels reached at the end of 2019.
The impact of the COVID-19 pandemic has been felt in the Portuguese real estate market with a reduction in sales and a slowdown in prices. All the indicators suggest that, over the coming quarters, the real estate market will continue to suffer a correction as a result of the uncertain environment, the fall in household incomes, the reduction in purchases by foreigners and the lower levels of investment in accommodation businesses.
The arrival of COVID-19 has had a huge impact on many social and economic spheres; where and how we work is just one of them. Until now, offices had been a place for people to work, meet up and socialise, all activities which, thanks to technology, can still be carried out remotely. Has the coronavirus sounded the death knell for the office?
Although the drop in activity has been strong, the impact of COVID-19 on the Portuguese labor market is being more contained for the moment, thanks to the temporary adjustment of employment and teleworking.
Despite the unprecedented economic downturn caused by COVID-19, the cost of financing public debt is at an all-time low. To what extent do these interest rates lie behind the macroeconomic fundamentals?