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News Article

Mexico is 7th Place in Infections

By Ricardo Guzman | Thu, 07/16/2020 - 21:24

The Ministry of Health reported 668 new deaths from COVID-19, bringing the accumulated total to 37,574. Over 6,406 more cases than yesterday raised the national total to 324,041 confirmed infections, of which 48,857 are reported active or with symptoms in the last 14 days.

During today’s briefing, Director of Epidemiology José Luis Alomía reported that so far 203,464 patients have recovered from the virus.

After today’s results, Mexico passed Chile in the number of confirmed cases to become the seventh country in the list, according to Johns Hopkins University (JHU) data. The ranking is topped by the US, followed by Brazil, India, Russia, Peru and South Africa,

 

As of Thursday, July 16

6,406     new cases (from yesterday)

324,041 confirmed cases nationwide

82,567   under investigation

37,574   deaths

 

Impact on markets (19.30 hrs)

US Dollar              MX$22.38            (0.19%)

BMV IPC               36,465.67             (-0.34%)

Dow Jones          26,734.71             (-0.50%)

 

List of companies to relocate to Mexico

The US government will send the Ministry of Economy (SE) a list of companies with potential to relocate their productive activities in Mexico, Economy Minister Graciela Márquez has reported. This was agreed after Márquez met with the US Trade Representative (USTR) head Robert Lighthizer and Secretary of Commerce Wilbur Ross last week. “Both are sending me a list of companies with the potential to relocate not in the United States, but in Mexico,” Márquez said in a virtual meeting with Senators.

 

MX$20 billion for the 32 states

During the first few days of July, the Ministry of Finance (SHCP) transferred around MX$20 billion to the 32 states, as part of the Income Stabilization Fund for States (FEIEF). “With the recent transfer of resources from the FEIEF, the states and Mexico City together received around 20 billion pesos during the first days of July, of which 20 percent corresponds by law to the municipalities,” the office reported.

 

Quintana Roo Gov. tests positive

Quintana Roo Gov. Carlos Joaquín González reported that he tested positive for COVID-19. “Due to my actions as governor I have been monitoring my health,. The test I had this week returned a positive reading for Covid-19,” he revealed on social networks. Last Sunday, Gov. Joaquín gathered with the other PAN governors from Aguascalientes, Querétaro, Durango, Baja California Sur and Chihuahua.

 

Global debt increases to US$258 trillion in 1Q20

Global debt rocketed to a record US$258 trillion in 1Q20 as global economies struggled to contain the COVID-19 pandemic, the Institute for International Finance has reported. The office that represents the world's banks said the Q1 debt-to-GDP ratio increased by more than 10 percentage points, the highest quarterly growth on record and peaking at 331 percent.

 

Withdrawals for unemployment soar

As the weakened labor market continues to suffer from the COVID-19 crisis, from Mexican pension funds soared in June to a record high, according to CONSAR. Operations totaled MX$1.8 billion, just over double the MX$921 million withdrawn in June 2019.

 

ANTAD rules out stores closing for contingency

There is no official information stating that specialized store chains are closing units in the face of the COVID-19 health emergency, the National Store Association (ANTAD) has reported. “They are going to try to sustain employment, this is one of the intentions of ANTAD's members,” said the office head Vicente Yáñez.

 

25 US states step back from reopening process

Following the rebound of COVID-19 cases in the US, at least 25 states in the country have paused their reopening processes or taken additional measures to stop the spread of the new virus, according to media reports. The country has 3.5 million confirmed cases and records more than 138 thousand deaths from the new virus, according to the Johns Hopkins University count.

Ricardo Guzman Ricardo Guzman Editor