Macroeconomy/Finance

Economic activity fell by 5.6% in the accumulated to April, reports the BCB

After almost 20 years, economic activity fell by 5.6% in the accumulated to April 2020. The total paralysis of economic activities affected most sectors, and the gradual resumption of some activities only took place in certain regions, says the Monetary Policy Report (MPR). The sectors that experienced the highest drops are minerals, especially zinc and tin, due to the lower production of the Asian automotive and construction industries. In the case of the construction sector, it will have a significant fall due to smaller public and private investment. The industry fell by 6.5%. On the other hand, the agricultural sector presented an accumulated growth rate of 5.35% as of April, supported by livestock and non-industrial agrarian production.

Source: Página Siete