Macro and Microeconomic View at the Impact of the Covid-19 Pandemic in Chile

Authors : Rodrigo Ignacio Barra Novoa

Volume/Issue : Volume 6 - 2021, Issue 2 - February

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This article provides an early approximation of the impacts of the pandemic on the Chilean business park, using representative data from the latest formal surveys in the country. In this sense, the number of active businesses collapsed in part due to the social crisis that began on October 18, 2019 and the losses were felt in most industries due to the pandemic crisis that continues to generate job losses and low business profitability. These early findings have implications for productive development policies and may predict medium and long-term ramifications, especially in the country's economic and social inequality. In addition, there is substitution of face-to-face work for telework, with the consequent conditions of family overcrowding, where households are not prepared to coexist with maximum labor productivity

Keywords : Macroeconomics, microeconomics, COVID-19 and economic growth


Paper Submission Last Date
31 - August - 2022

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