24,342 Deaths, 196,847 Confirmed Cases

The Ministry of Health reported 947 new deaths from COVID-19 in Mexico bringing the total to 24,342 nationwide. Confirmed cases reached 196,847 after 5,437 new confirmations were reported in the last 24 hours, while the suspicious deaths figure rose to 1,894 cases.

Director of Epidemiology José Luis Alomía said that so far 58 percent of those who have tested positive since the outbreak of COVID-19 in Mexico, 113,596 people, have recovered.

While addressing IMSS capacity throughout the national territory to secure the right of access to health, IMSS-Bienestar head Gisela Juliana Lara highlighted the challenge that the administration has in providing adequate healthcare to indigenous communities in Mexico. She also stressed that IMSS has trained all their staff and employees, from all areas, to prevent the spread of the virus in hospitals and with patients.

As of Wednesday, June 24

5,437     new cases (from yesterday)

196,847 confirmed cases nationwide

62,475   under investigation

24,324   deaths

Impact on markets (19.30 hrs)

US Dollar              MX$22.73            (1.32%)

BMV IPC               37,908.38             (-0.81%)

Dow Jones          25,445.94             (-2.72%)

IMF forecast 10.5 percent drop

The impact of the COVID-19 pandemic on the Mexican economy will cause a contraction of 10.5 percent, the International Monetary Fund (IMF) said. While in April the agency projected a 6.6 percent drop in the GDP, for 2021 it estimates a rebound of 3.3 percent, a .3 percent increase compared to last estimation. The US GDP will fall 8 percent in 2020, while China's will grow 1 percent.

Mexico failed to flatten the curve

Mexico has failed to flatten its epidemic curve of COVID-19, as number of confirmed cases continues to rise, said the Pan American Health Organization (PAHO) deputy director Jarbas Barbosa da Silva. The official said support is being given to health authorities to review new measures that contribute to controlling the outbreak.

More FDI for west and southeast

The Ministry of Economy has set a goal of increasing the proportion of Foreign Direct Investment (FDI) flows in the western and southern regions from 13.83 to 35 percent by 2024. The Ministry of Economy expects the increase to promote greater equality between regions and sectors, since the northern and central regions accumulated 86.15 percent of FDI in 2018.

AMLO and Monreal discuss coronavirus

Morena coordinator in the Senate Ricardo Monreal met President Andrés Manuel López Obrador to discuss issues related to the entry into force of the new USMCA trade treaty, as well as consequences that the COVID-19 pandemic will leave in the country. No further details were given on the meeting in National Palace.

Businesses reopen in Mexico City

Secretary of Economy Development Fadlala Akabani reported that 83,149 businesses have been reopened gradually after closing due to the COVID-19 contingency measures. These reopened in the first week of transition to the orange light of the epidemiology traffic light.

Call to prevent confusion

The Ministry of Tourism and the Ministry of Health (SSA) have decided that the different certifications by private organizations to denote destinations as safe from COVID-19 can create confusion. The agencies indicated that the General Health Council and SSA are the only authorities empowered to issue general compliance guidelines applicable to all labor, economic, social and tourist sectors during the health emergency.