Tag Archives: COVID-19

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

Mexican retail scrambling under COVID-19

Mexico, like most countries, has been hit hard by the COVID-19 global pandemic.  Although the number of confirmed cases in Mexico is still relatively low compared to the United States, the impact of containment measures on the economy has been severe.  With just over one full month of shutdown behind us, financial institutions are already projecting 2020 GDP growth for Mexico in the range of -9% and potentially worse.  Facing this outlook, retailers are scrambling just to stay in business first, and then to plan for an extended period of bleak near to mid-term consumer spending. Continue reading Mexican retail scrambling under COVID-19

Mexico City COVID-19 update March 26

Mexico City lockdown

March 26, 2020, day whatever of the COVID-19 global crisis, and we’re here to report that Mexico City is still hopping.  We’re not going to say that things are normal — they’re not — but we took a bike ride up Av. Alvaro Obregon in central Colonia Roma at lunch time today and the stores and restaurants were open with customers.  There’s no question that foot traffic is way down (vehicle traffic was fairly heavy), but there were people out there ordering their glasses of wine or beer while perusing menus at outdoor cafes. The media are telling us that this is not the case in most of Europe right now, so maybe it’s no wonder that the occasional tourist couple can still be seen stubbornly sticking out the remainder of their Mexico City vacation.   Continue reading Mexico City COVID-19 update March 26