Mexico’s economy contracts by 18.7% due to the COVID-19 crisis, faces grim forecast
The ugly numbers had been expected. Mexico suspended much of its economic activity and urged people to stay at home beginning in late March
The ugly numbers had been expected. Mexico suspended much of its economic activity and urged people to stay at home beginning in late March
The economic shutdown caused by COVID-19 has driven the country deeper into a recession
Mexico registered a fifth consecutive quarter of economic contraction confirming the country is in recession since early 2019
Banxico launched an economic program to help small and medium-sized companies
Banxico's measures aim to ensure there are credit lines, liquidity, and order during the economic recession
The World Bank has issued a new report titled “The Economy in the Time of COVID-19”
On Monday, Banxico stepped into the foreign exchange market to prop up the Mexican peso after the currency plummeted to an all-time low
Mexico needs to regain the trust of national and international investors
Mexico’s economy was weaker than initially estimated in the final three months of 2019, shrinking by 0.1% compared to the previous quarter, prolonging a mild recession
In the last year, Mexican exports have decreased and the country has faced a slow economic growth