All posts by Tom

COVID, investment both up in January

COVID-19

The COVID-19 pandemic continued to lash Mexico in January with no respite in sight.  The number of new cases and deaths reached historic highs during the month, and the country’s level of excess mortality ranked second highest in the world.  Mexico City and 13 other states remain at red on the epidemiological traffic light, signifying the highest level of restriction on economic activity and movement.  Hospital bed occupation in the capital is close to 90%, and only one of Mexico’s 32 states, Campeche, is at the green or lowest level of restrictions.  At this time, both President Andrés Manuel López Obrador and Carlos Slim, Mexico’s wealthiest man, are ill with COVID-19. Continue reading COVID, investment both up in January

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