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Bank of America’s experts estimate that Mexico’s Central Bank will increase Mexico’s interest rate to 11 percent.
Economic growth in Mexico
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According to data from INEGI, in 1Q20 the country’s GDP fell 2.2 percent in real terms. However, the fall is not as steep as expected.
Accounting
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After President López Obrador presented his economic plan for battling the economic crisis, many expect more downgrades in Mexico’s sovereign rating
COVID-19 Aprli 6 dailiy briefing in National Palace
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Thirty-one more people have died in 24-hours rising the total number to 125; new cases also recorded the highest number for one day with 296
Director of Epidemiology José Luis Alomía during the briefing
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Ministry of Health confirmed 13 new deaths from COVID-19, bringing the total to 50, while 132 more positive cases were recorded in 24 hours.
Dock Containers
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IMEF indicators anticipate a “pandemic recession” for the Mexican economy in 2020. However, analysts believe that the economy will bounce back in 2021
National Infrastructure Investment Agreement
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SHCP Deputy Minister Gabriel Yorio said that the expected private investment into roads, airports and ports will add 0.5 percent to Mexico’s GDP.
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