Macroeconomy/Finance

Imacec suffers a decrease of 14.1% and market projections for May

A historical drop of 14.1% was registered by the Monthly Economic Activity Indicator (Imacec) in April 2020 compared to the same period in 2019. This figure was well below what the market estimated, which was an 11% decrease. The sector now projects that for May, figures will be similar or even worse than April’s and also projects that 2020’s GDP could decline to 8%.

Source: EMOL

Categories: Macroeconomy/Finance