Mexico’s economy is seen shrinking 7.6% in 2020 as “the Mexican policy response to the coronavirus is among the weakest anywhere in the world” and top trade partner the United States is also seen contracting, Swiss bank UBS said in a note to clients on Monday April 13th.
Just a couple of week ago, the financial company JP Morgan estimated that this year the Mexican economy will fall 7%, accentuating its contraction in the second quarter.
Previously, the firm forecast that the economy would contract 1.8 percent; however, the bank pointed out that one of the most worrying issues is that Mexico is in an early phase two of contagion with coronavirus, and that: “an eventual increase in the number of cases would probably lead to more strict measures of social distancing, that until now have not been enacted, “said the report.
more recommended stories
Luxury sports car stolen in in Ecatepec, Estado de Mexico found in Merida
Agents of the National Guard deployed.
The stucco mask of Ucanha, Yucatan a new discovery
MÉRIDA, Yuc.- The archaeological site of.
National Rifle Association files for bankruptcy
The National Rifle Association announced that.
As of today, limitations on DEA, CIA, and/or FBI agents in Mexico.
Starting today, any foreign agents in.
Donald Trump’s presidency 15 most notable lies.
“Trying to pick the most notable.
“Lopez Obrador Lies. We don’t fabricate evidence.” – Former DEA Chief of International Operations.
MEXICO CITY (AP) — Mexican President.
Russia makes military move with Biden set to take office
MOSCOW — Russia said Friday that.
Facebook posts promoting violence on Biden’s inauguration increase.
The company reported that it is.
New contagious variant of covid-19 could worsen the pandemic – CDC
“A new, more contagious variant of.
Cold front and probability of rain during the weekend.
MERIDA Yucatan (ClimaYucatan) – For this.