The global macroeconomic conditions are entering a tough stage ahead of 2023 as a result of the cocktail between the rise in global inflation and the slowdown in gross domestic product that the main countries will have.
(Selling Colombia as a country that is very good to invest: Ocampo).
Therefore, it is possible that jobs in the world will also be affected, with special emphasis on those labor markets that are highly sensitive to conjunctural fluctuations, such as developing economies, such as Latin America.
Among those, in the new updated economic outlook report of the International Monetary Fund (IMF) published this Tuesday, the agency launched a warning about conditions in Latin American labor markets and specifically, also from Colombia.
According to the organization, the country would have the leadership of the highest unemployment rate, above 10%, until the distant 2027, when it falls slightly from that level. It would be the only economy in the region with these levels, although closely followed by Brazil.
(Changes in cities to be safer for women).
Specific, The IMF expects Colombia to close this year with an unemployment rate of 11.3%, the highest in South America, surpassing that of Suriname and that of other peers in the region. However, expanding the range of analysis, Costa Rica would have a rate of 12.5%.
For the next year, a process of deceleration of this indicator would begin, although gradually, observing a rate of 11.1% that would continue its decline to 9.9% by 2027, where it would finally fall below the 10% threshold. For that year, Panama would have this mentioned level and it would be the highest unemployment rate in the region.
Brazil, for its part, has the second largest crisis in the unemployment rate for the coming years in the regionclimbing to 9.8% by 2022 and remaining at 9.5% for the following years, according to these forecasts.
Behind the Amazonian giant is Chile, whose inflation rate would be 7.9% in 2022 but would climb to 8.3% in 2023. From then on, a slight slowdown would begin, going from 8.2% to 7.8% between 2024 and 2025 and finally 7.2% in 2027.
The unemployment rate in Peru, another of the economies similar to Colombia’s, would remain close to 7% in this period, while Mexico’s points to 3.8% and Argentina’s would do the same at 6.9%.
At the global level, the IMF puts the magnifying glass on the unemployment rates in Spain, Turkey, Greece, North Macedonia, Albania, Georgia, Armenia, Bosnia, Morocco, South Sudan and Iran.
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