One of the main characteristics of the
is that it considers activities which are intensive for job creation, economist Elmer Cuba affirmed on Tuesday.
"Although this phase was left for the end, because it considers activities with the highest potential for (COVID-19) contagion, it is necessary to start them as these represent a significant number of jobs," he told RPP radio and TV station.
Cuba emphasized that the only way for the economy to continue improving and generating employment is to enter
Phase 4.
"Of course, (this must be done) with great care in terms of health-related issues to avoid the worsening of the coronavirus pandemic, as is happening in some European countries," he expressed.
Likewise, the economist stressed that without the beginning of this phase, the process of reactivating the economy could be stuck in limbo.
Impact
The economist commented that the GDP result in July (-11.7%) shows the effects of the
beginning of Phase 3, but in the second fortnight.
As is known, the national economy registered negative growth rates in March (-16.66%), April (-39.93%), May (-32.72%), June (-18.06%), and July (-11.71%).
The fourth month of the year marked a breaking point because —after April— a rebound can be witnessed.