Growth and employment during the Covid-19pandemic: Spain, Mexico, Colombia

Abstract

This paper analyzes the impact of the Covid-19 pandemic on the Spanish, Mexican and Colombian economies, and their resilient capacity to grow and create jobs. This, by virtue of the fact that we consider it important to know the economic impacts, and to what extent the capacity of the productive systems has existed to achieve a sufcient recovery to create employment and social well-being.The results are the following: 1). The three economies: the Spanish, the Mexican and the Colombian observe a similar trend in the behavior of economic growth and the generation of jobs; 2). The pandemic came to increase the economic and social vulnerabilities that these economies had before this health episode.In this way, the conclusions we reached are that: 1). Undoubtedly, both economies have signicantly weathered the effects of the pandemic with different economic and social strategies; 2). The breakdown of global goods supply chains, as a result of the pandemic, and more recently due to the war in Ukraine, puts pressure on the increase in production costs and market prices, a situation that has caused signicant global and national ination. 3). In addition to ination, volatility in the foreign exchange market, particularly in Colombia, tends to affect the economic cycle of this economy