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News Article

Mexico Records 790 More Deaths

By Ricardo Guzman | Wed, 07/22/2020 - 21:17

The Ministry of Health reported 790 new deaths from COVID-19, bringing the total to 41,190. Over 6,019 more cases than yesterday were added to the daily account bringing accumulated positive cases since the pandemic started to 362,274

Director of Epidemiology José Luis Alomía said there are 50,935 estimated active cases, or 13 percent of the accumulated total. Of the 10,284 ICU beds in the country, which are for critically ill patients, 38 percent are occupied.

During today’s briefing, the National Center for Gender Equity and Health head Karla Berdichevsky noted that pregnant women should go to care services in a timely manner when they have the first COVID-19 symptoms because this is vital to prevent any complication. Berdichevsky said 83 pregnant women have died from the virus so far and announced the telephone number 800-Materna available nationwide to provide further assistance.

 

As of Wednesday, July 22

6,019     new cases (from yesterday)

362,274 confirmed cases nationwide

87,905   under investigation

41,190   deaths

 

Impact on markets (19.30 hrs)

US Dollar              MX$22.32            (0.10%)

BMV IPC               37,447.10             (1.53%)

Dow Jones          27,005.84             (0.62%)

 

OPEC assess Mexican production drop

OPEC forecasts that the drop in Mexican oil production will last until 2021. By the end of 2020 the group expects a contraction of at least 50,000 barrels a day, while by 2021 the decrease will be close to 40,000 barrels. OPEC expects world oil supplies will increase after a sharp contraction this year. Earlier today growing tensions between Washington and Beijing forced oil prices to fall after today’s trading.

 

Consumption still restricted

Mexico's economic activity will remain affected by restricted consumption during the second half of 2020, as long as health conditions do not improve, Moody's has reported. The rating agency noted that since in Mexico few COVID-19 tests are carried, the possibility of evaluating the dynamics of the pandemic and its future impact on consumption is very limited.

 

OMA reports 98.2 percent drop

Given the effects on mobility due to the COVID-19 pandemic. OMA, which operates 13 international airports in the central-northern zone of Mexico, registered a 98.2 percent drop in operating flow in Q2 2020, compared to the same period in 2019. Passenger traffic saw significant reductions, plunging 90.2 percent between April and June with just 583,000 passengers at airports.

 

Vaccine until early 2021

The current progress in research projects to find a vaccine against COVID-19 suggest that people won’t get vaccinated before the first months of 2021, WHO Health Emergencies head Mike Ryan has warned. “You have to be realistic about the timeline. No matter how hard we try to speed up the process, we have to be sure that a vaccine is safe and effective, and this takes its own time,” Ryan said.

 

Carso’s income plunges

Grupo Carso reported a 2Q20 loss of MX$216 million, derived from the temporary closure of various stores, restaurants and production plants. The Group’s income in the period reach MX$14.7 billion, recording an annual drop of 39 percent. Grupo Carso owns Sanborns, Condumex, Carso Infraestructura y Construccion and Carso Energy.

 

Concanaco-Servytur calls for prudence

A rebound of COVID-19 would annihilate for the country's tourism due to the negative effects it would have, Concanaco-Servytur vice president Roberto Zapata has warned. The commerce, services and tourism chamber official said that being careful and avoiding overconfidence will be key to secure the best reactivation for the sector.

 

California’ cases growing

California topped 409,000 confirmed cases of COVID-19, surpassing New York as the state with the most positive case in the US, according to Johns Hopkins University (JHU) data. California now has 1,200 more cases than New York, though New York’s72,302 deaths are by far the highest total in the country and nine times more than California's tally.

 

Ricardo Guzman Ricardo Guzman Editor