42,645 Deaths, 378,285 Confirmed Cases

The Ministry of Health registered 737 more deaths from COVID-19 in the last 24 hours, bringing the total to 42,645, while 7,573 new confirmed cases increased total to 378,285 positive cases. There are 52,258 active cases, or with symptoms int the last 14 days, which represents 12 percent of the accumulated total.

During today’s briefing Deputy Minister of Health Hugo López-Gatell said there are 90,970 suspected cases. “I take this opportunity to remind citizens that the new normal does not mean that the epidemic is over,” López-Gatell noted in Tabasco’s government palace.

The official said the general occupation of national hospital beds is 47 percent, leaving 16,777 still available. Regarding ICU, or beds with ventilators, occupancy is at 38 percent, leaving 6,301 units still free.

As of Friday, July 24

7,537     new cases (from yesterday)

378,285 confirmed cases nationwide

90,970   under investigation

42,645   deaths

Impact on markets (19.30 hrs)

US Dollar              MX$22.27            (-0.90%)

BMV IPC               37,357.46             (-0.20%)

Dow Jones          26,469.89             (-0.68%)

Mexico City could go back to red light

Mexico City could return to red in the epidemiological traffic light if hospitalization increases, Head of Government Claudia Sheinbaum warned. “If it grows to more than 5,127 occupied beds, then we will have to return to red and stay there some weeks until hospitalizations decreases,” she said during her daily briefing. Sheinbaum called for wearing face masks, keeping social distancing and frequent hand washing to ahead of the fifth consecutive week at orange light in Mexico’s capital city.

284,196 cases set new global record

The World Health Organization (WHO) reported a new daily record for COVID-19 positive cases worldwide with 284,196 confirmations in just 24 hours, recording the highest increases in the US, Brazil, India and South Africa. The global daily death toll rose to 9,753, the highest figure since April 30.

This month, 5,000 daily global deaths on average were recorded, breaking June’s 4,600 daily cases.

Mexico Grand Prix is off

Formula One has cancelled four races that were due to be held on the American continent due to the COVID-19 pandemic, while three events in Europe have been added. In a statement, the auto sports body announced Canada, Texas, Mexico and Brazil Grand Prix were canceled for the 2020 season, and replaced with new races at Imola, Nurburgring and Portimao tracks.

IGAE keeps dropping

In May the Global Indicator of Economic Activity (IGAE), which observes the behavior of the Mexican economy in the short term, contracted 21.6 percent despite the reactivation of some sectors, INEGI has reported.

90,000 restaurants already closed

The COVID-19 pandemic has caused over 90,000 restaurants to close and fire 300,000 workers, CANIRAC head Francisco Fernández Alonso said. The restaurant and seasoned food industry chamber warned that the massive economic losses for the sector can get worse if the “epidemic of fear” prevails.

Warning on evictions and property abandonment

In Mexico City real estate agencies predict a wave of evictions and property abandonment given the difficulties that tenants will face in paying rent or mortgages. “A wave of illegal evictions is looming and half of the population that does not have a signed or legal lease are in a vulnerable position,” Homie's Operations head Ricardo Vaca said to El Financiero.

Jobs plunge will go on

The decrease in the number of workers registered in IMSS continued in June, reflecting that the fall in formal employment is still deteriorating with little signs for a change in the coming months, HR Ratings has reported.