35,491 Deaths, 304,435 Accumulated Cases

The Ministry of Health has reported 304,435 accumulated positive cases of COVID-19, after 4,685 new infections were recorded since yesterday. Over 485 new deaths from the virus pushed the national total to 35,491. Of the total accumulated case 28,843 are active, that is, patients who started with symptoms in the last 14 days and who can transmit the virus.

During today’s briefing Deputy Minister of Health Hugo López-Gatell disclosed a detailed report on each state, with a map detailing the status of municipalities and levels of infections as instructed by President López Obrador. 

Deputy Minister of Health Hugo López-Gatell said there is a lower rate of infections in the country. “The speed at which the epidemic increases is slowing,” he said.

As of Monday, July 13

4,685     new cases (from yesterday)

304,435 confirmed cases nationwide

76,824   under investigation

35,491   deaths

Impact on markets (19.30 hrs)

US Dollar              MX$22.54            (0.30%)

BMV IPC               36,389.39             (-0.21%)

Dow Jones          26,085.80             (0.04%)

16 percent contraction for GDP in Q2

The continued drop in investment and inadequate policies to address the COVID-19 pandemic will mean that the Mexican economy will not recover its pre-pandemic rates of growth until 2025 says Citibanamex’s Economic Situation of Mexico 2Q20 Report. The banks stated that economic activity in Mexico is going through a deep recession, which reached its lowest point during April. Mexico's GDP will contract 16.5 percent in Q2, which would lead to a 11.2 percent contraction for the economy in 2020.

Traffic light changes to biweekly updates

The epidemiological traffic light will be announced every 15 days at the request of the Governors, Minister of Interior (SEGOB) Olga Sánchez Cordero said. Questioned about the dispute between Deputy Minister of Health Hugo López-Gatell and state authorities, Sánchez Cordero warned that there is a joint responsibility in informing the public on the pandemic. She said governors had requested the change.

Stores sales fall 17-9 percent June

Comparable sales of ANTAD members fell 17.9 percent year-on-year during June. the national retail association has reported. The rate of decline showed a slight slowdown compared to the 19 percent decrease in May. June’s data reflects revenues at more than 62,000 stores across the country, including chains like Soriana and Chedraui.

Over 13 million infected worldwide

Confirmed COVID-19 infections in the world passed the 13 million mark after more than 230,000 new positive case were reported on Sunday. The US recorded the most of the new infections with 60,000 new total cases, while Brazil recorded 40,000 new cases according to Johns Hopkins University. The global death toll is over 570,000.

Virus-free Herrera is back

Finance Minister (SHCP) Arturo Herrera said that he tested negative for COVID-19, for which he already returned to his daily work schedule abiding all corresponding sanitary measures. Herrera announced on June 25 that he had been diagnosed with the virus, becoming the highest-ranking government official to test positive.

IMSS faces financial challenge

IMSS finances have registered a negative impact derived from the health emergency and is projecting a reduction of near MX$8.1 billion in the worker-employer contributions collection for this year, the institution has reported.