The coronavirus pandemic will increase the number of poor and unemployed people in Latin America, but it is also expanding the region’s most enormous fortunes, according to a report released Monday by the humanitarian organization Oxfam. 73 Latin America’s billionaires increased their wealth by $48.2 billion when COVID-19 took hold in the region. The other side of that coin also shows that since last March, there are 52 million people who will return to poverty in the area, along with another 40 million who will join the ranks of the unemployed.
In May 2020, external sales of ethyl alcohol grew by 29% in value and 25% in volume, compared to the same period of the previous administration, according to a report by the Bolivian Institute of Foreign Trade (IBCE) with data from the National Institute of Statistics (INE). The value of ethyl alcohol exports amounted to 22 million dollars, while the volume was 37 thousand tons.
The Labour Market Statistics report as of June from the National Institute of Statistics (INE) reflects a recovery in economic activities in the country. Compared to May, the inactive population is said to have fallen from 433,000 to 407,000 in June. According to the report, the unemployment rate was 9.6% in June.
This year a 7.8% drop in construction activity is projected due to the economic crisis caused by the coronavirus pandemic. The data of the General Index of Economic Activity (IGAE) accumulated until April already show the effects of the quarantine and a fall of the global index of the whole economy of 5.6% observed in comparison with the same period in 2019. According to this, construction activity drop by 19.16%.
June exports reached $505 million, an increase of $169 million from May’s value of $335 million. The most significant increase in exports was in minerals, which in June reached more than $120 million, higher than May’s $34 million. It is worth mentioning the increase in Zinc exports that in June reached $63.7 million, Silver $37 million and Lead $10.6 million.