MEXICO CITY (AP) — Mexico’s pandemic-hit economy shrank 8.5% in 2020, the largest single-year drop since 1932 and the second consecutive year of economic contraction. Mexico’s pandemic-hit economy shrank 8.5% in 2020. Mexico’s economy contracted in the fourth quarter and ended 2019 with its worst performance in a decade, as President Andres Manuel Lopez … Mexico's economy is financially imploding due to the Pandemic, and the situation is certain to worsen still further, with the loss of thousands of jobs each month. MEXICO CITY — Mexico’s pandemic-hit economy shrank 8.5% in 2020, the largest single-year drop since 1932 and the second consecutive year of economic contraction. MEXICO CITY (AP) — Mexico’s pandemic-hit economy shrank 8.5% in 2020, the largest single-year drop since 1932 and the second consecutive year of economic contraction. Mexico: Remittances growth hits nine-month high in final month of 2020. February 10, 2021 Vallarta Daily News Business and Economy, Mexico News The National Institute of Statistics and Geography (Inegi) detailed in a report that Mexico suffered a historical collapse in international tourism in 2020, the year that the COVID-19 pandemic began, after stable historical highs for seven consecutive years (2013-2019 ). Covid-19 may become endemic. Mexico’s health ministry on Tuesday published rules to regulate the use of medicinal cannabis, a major step in a broader reform to create the world’s largest legal cannabis market in … Breaking news headlines about Mexican Economy, linking to 1,000s of sources around the world, on NewsNow: the one-stop shop for breaking news Mexico’s pandemic-hit economy shrank 8.5% in 2020, the largest single-year drop since 1932 and the second consecutive year of economic contraction, according to … Mexico's economic slowdown is unusual because the U.S. economy is still growing. February 2, 2021. Mexico's central bank on Thursday cut its benchmark interest rate for the first time since September, flagging uncertainty over the economic outlook and global efforts to tackle the COVID-19 pandemic. MEXICO CITY — Mexico’s pandemic-hit economy shrank 8.5% in 2020, the largest single-year drop since 1932 and the second consecutive year of economic contraction. Mexico Economic News. In 2020, these bills with jailed drug lord Joaquín “El Chapo” Guzmán Loera’s initials appeared in Culiacán, evidence of the cartel’s influence on Mexico’s economy. FILE - In this Dec. 8, 2020 file photo, workers, some wearing face masks, bag onions inside the Central de Abastos, the capital's main market, in Mexico City, amid the new cornavirus pandemic. Mexico's GDP fell by an estimated 6.5% last year, an economic collapse that was consistently downplayed by the country's political and economic elite. Tamil News - Dailythanthi is the Top Tamil News Website delivers Tamil News, Latest Tamil News, Tamil Newspaper updates, Today news in Tamil and much more. The last Mexican economic recession that was not accompanied by a … Governments need to start thinking about how to cope. But Mexico's financial institutions are stronger now, largely as a result of reforms undertaken after the cyclical economic downturns that plagued the country from the 1970s into the 1990s. By James Blears Mexico's National Institute of Statistics and Geography states that Gross Domestic Product, or GDP, slumped by almost eighteen percent over the second quarter, compared to the first three months of this year. This page has economic forecasts for Mexico including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Mexico economy. President Andres Manuel Lopez Obrador has frequently expressed optimism that Mexicans will overcome the outbreak, arguing that tight-knit families offer the best … MEXICO CITY, Jan. 29 (Xinhua) -- Mexico's economy contracted 8.3 percent in 2020 year-on-year, marking its worst setback since the 1930s largely due to … The Economist - World News, Politics, Economics, Business & Finance Top stories. Mexico reported on Wednesday it now has over 10,000 cases of coronavirus, the fifth-highest tally in Latin America, as containment measures and rock-bottom crude prices wreak economic havoc on the oil-producing country. Mexico… Mexico’s gross domestic product grew 3.1% in the final three months of the year, according to … MEXICO CITY – Mexico’s pandemic-hit economy shrank 8.5% in 2020, the largest single-year drop since 1932 and the second consecutive year of economic contraction.. Mexico… Bank of America Corp. forecasts growth of 1 percent as the economy faces risks including the U.S.-Mexico-Canada Agreement trade deal failing to win approval, the erosion of confidence in … Stay on top of Mexico latest developments on the ground with Al Jazeera’s fact-based news, exclusive video footage, photos and updated maps. MEXICO CITY (AP) — Mexico’s pandemic-hit economy shrank 8.5% in 2020, the largest single-year drop since 1932 and the second consecutive year of economic contraction.