Category Archives: Economy

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

Mexican economy: Hoy no me puedo levantar

The spread of the COVID-19 virus in Mexico has not improved significantly this month and in fact has deteriorated in some areas.  Mexico has reported approximately 924,000 accumulated cases, ranking it 10th worldwide, and 92,000 deaths, fourth highest in the world.  Mexico City remains at the orange level of the epidemiological traffic light system, and the head of government of the capital, Claudia Sheinbaum, recently tested positive for COVID.  The city government is resisting raising the alert level to red, however authorities have said they intend to implement increased restrictions on activity to combat an upward trend in cases. Continue reading Mexican economy: Hoy no me puedo levantar

COVID blows AMLO legacy for lovers and haters alike

The COVID-19 pandemic has caused economic devastation and loss of life around the world, and we are now coming to the conclusion that the disease will rob us of one more thing some of us very much looked forward to seeing: The historical verdict on an AMLO government.  All our lives (or at least, in our case, since the López Portillo administration), we have parroted the same truisms about Mexican society: that all politicians are corrupt, the unions are corrupt, Pemex is corrupt, the police are corrupt, and generally that él que no transa no avanza — he who doesn’t engage in corruption doesn’t get ahead.  Continue reading COVID blows AMLO legacy for lovers and haters alike