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.
Source: Notimex
Comments
more recommended stories
Migrant caravan expected to head to Del Rio, Texas, or Yuma, ArizonaThe several thousand migrants traveling in.
Federal Secretary of Health admits there’s a shortage of oncological drugsDespite the fact that president Andrés.
Mérida City Council cleans and prepares local cemeteries for the Day of the DeadMérida, Yucatán, (October 27, 2021) .-.
Yucatán is one of the 4 states with low crime incidenceMérida, Yucatán, (October 27, 2021) .-.
Japan startup launches $700,000 US dollars hoverbikeTOKYO (Reuters) – A Japanese startup.
New Super Sub Can Dive to 1,000 Feet and Move Faster Than a Bottlenose DolphinU-Boat Worx already has a full fleet.
The Maya Train, a project with gender perspectiveCHEMAX, Yucatan, (October 27, 2021).- In.
AMLO will be in Yucatán Thursday, Oct. 28th, to supervise Maya Train worksMérida, Yucatán, (Ocotber 27, 2021) .-.
Cancun and Riviera Maya will start 2022 with high hotel occupancyThe new flights from Europe and.
Man caught stealing beer, clothes, and dog food at Walmart in CancunCancun, Quintana Roo, (October 27, 2021).-.
Leave a Comment