Tag Archives: COVID-19

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

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