Pandemic and economic crisis: winners and losers of economic adjustment

Abstract

This article makes an economic analysis of the main variables that have determined the current situation of the country, compiling a historical series of data that accounts for and shows a crisis with serious social impacts.

It highlights the management of public spending, the sustained fiscal deficit and the country's high dependence on international organizations to, through public debt, sustain the economy and address the health emergency. It lists the main economic policy measures implemented since the beginning of the pandemic, the result of which has been the substantial modification of the laws and codes related to labor, fiscal and tax matters; measures that have deepened social asymmetries and whose most obvious result has been the increase in unemployment and inadequate work.

It indicates the results of the application of the measures in different social actors such as households, the financial system and companies, and the impact in terms of impact for each of them, positively or negatively.