The mining, fishery and agro-export sectors —which are related to the external market— will see the strongest recovery, BCP Economic Studies Department Manager Carlos Prieto has projected.
"Some sectors —the globally-oriented ones— will experience a J-shaped recovery, such as
mining,
fishery and
agro-exports," the officer said.
"In
April and
May, mining saw a sharp drop, but we expect it will gradually return to pre-quarantine levels," he added.
Additionally, Prieto reported that an important increase in the catch of anchovy has been observed in the first fishing season, and that over 90% of the quota has been caught.
"An important indicator is the
demand for electricity, which experienced a decline of 33% in April and improved to around 6% in July," he stated.
"A heterogeneous recovery will be noticed in the sector. The deepest slumps in the tough weeks of April and early May are fortunately being left behind," he noted.
Winning sectors
On the other hand, the economist highlighted that some winning sectors emerged from the crisis, such as online sales, digital payments, supermarkets, pharmacies and telecommunications, as well as cleaning and IT (information technology) services related to teleworking, which will continue to show an increasing trend.
"As for these sectors, sales volumes will be higher than those recorded before the quarantine," he concluded.
(END) CNA/JJN/RMB/MVB