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The Economic Impact of the Pandemic in Latin America

LanguageArts

20 May 2020.

9ºB

BY:C. Paulina Sánchez Ruanova

Miss kimberly3rd Trimester

American School of Pachuca

Introduction

Government

Graphics

2021

Mexico

COVID-19 hasn't affected Mexico as expected but there are signs that the economy is not doing well.

Introduction

The U.S dollar broke a new record and is sold at MXN $23.52, the oil prices collapsed to its lowest price in the last 18 years.

Mexican Stock Exchange was affected by a worldwide "Black Monday", although there was a recovery that allows softening the stock market crash in mexico.

Some companies reported the deprecation of their stock by up to 30%.

The current government has worked to make sure that Mexico is ready to soften the economic impact sparked by the COVID-19 outbreak.

According to the president , the economy is protected and the national reserves will be used and there will be no need to acquire foreign debt.

Government

Mexico

Mexico's economic freedom score is 66.0, making its economy the 67th freest in the 2020 Index. Its overall score has increased by 1.3 points due primarily to a higher score for government integrity. Mexico is ranked 11th among 32 countries in the Americas region, and its overall score is above the regional and world averages.

Graphics

Estimates of the expected recovery in 2021

Are equally uncertain, with outcomes depending largely on the duration of the outbreak and the effectiveness of the policy responses.The unavoidable declines in trade and output will have painful consequences for households and businesses, on top of the human suffering caused by the disease itself."

"This crisis is first and foremost a health crisis which has forced governments to take unprecedented measures to protect people's lives," WTO Director-General Roberto Azevêdo said.

References

J.SMIALEK (2020) "Economy problems" recuperated https://www.nytimes.com/section/business/economyI.Neil (2020) "Why Economic Pain Could Persist Even After the Pandemic Is Contained"https://www.nytimes.com/2020/05/11/upshot/virus-lasting-economic-effects.html"Mexico - Economic Forecasts - 2020-2022 ". Recuperated https://tradingeconomics.com/mexico/forecast

# data[].attributes.attachment_link.description
The Economic Impact of the Pandemic in Latin America LanguageArts 20 May 2020. 9ºB BY:C. Paulina Sánchez Ruanova Miss kimberly3rd Trimester American School of Pachuca Introduction Government Graphics 2021 Mexico COVID-19 hasn't affected Mexico as expected but there are signs that the economy is not doing well.