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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

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 not 100% dead just yet

Mexico continues to struggle to contain the spread of COVID-19, with over 400,000 accumulated cases and 46,000 deaths.  Mexico City remains at orange, the second highest level of alert under the national traffic light system for establishing economic and mobility restrictions, and the rest of the country’s 32 states are at either red, the highest alert level, or orange.  The level of business activity remains substantially reduced with respect to pre-COVID levels and no significant improvement is foreseeable in the near term. Continue reading Mexican economy not 100% dead just yet