Category Archives: Economy

Slow December as restrictions tighten

Mexico City returned to red last month on the epidemiological traffic light system, indicating saturation of hospital beds and the highest degree of restrictions on business activity and movement.  The rate of increase in cases of COVID-19 is uneven across the country’s 32 states however overall the spread of the virus continues to increase rather than to decrease.  Despite this, many coastal tourism zones remain in operation and received a substantial number of visitors from within Mexico as well as from the United States during the year-end holiday period.  Mexico has begun to receive and distribute the U.S.-developed Pfizer-BioNTech vaccine, and plans to begin importing the Chinese CanSino vaccine in January. Continue reading Slow December as restrictions tighten

Daunting road ahead for Mexico in 2021

Mexico, like most countries, has taken an economic beating this year from the COVID-19 pandemic.  Restrictions on business activities began relatively late here — in April — but were severe for the first three to four months, and since the summer the severity of shutdown has varied across states and municipalities around the country.  As the year comes to a close, contagion remains fairly high overall and Mexico City has reverted to red, the highest level on the epidemiological traffic light used to set restrictions on business and mobility.  Whatever the color though, a lot of people are catching the COVID, as it’s called here, and hospitals are at or close to capacity in the capital. Continue reading Daunting road ahead for Mexico in 2021

Mexican economy showing flickers of life

Mexico has surpassed 104,000 deaths due to COVID-19, the fourth highest total among world nations, and total accumulated cases exceed one million.  The rate of infection remains uneven throughout the country, however five major states including Mexico City are registering an upward trend in the number of cases and are perilously close to returning to the red or highest level on the national epidemiological traffic light system.  A return to red would signify closure of all but essential businesses and other strict restrictions on movement and economic activity.  At the same time, 16 of Mexico’s 32 states are currently at the yellow level, implying relatively minor restrictions, and one state, Campeche, has returned to green or restriction-free status. Continue reading Mexican economy showing flickers of life