Mexico's unemployment rate fell to 4.7% in October, from 5.1% in September, the local statistics institute reported Tuesday, amid a process of economic revival following the confinement of the coronavirus pandemic.
Due to the global pandemic, we are going through, caused by the coronavirus, many organizations have been forced to implement new strategies such as teleworking, so that workers can continue to perform their tasks from home. Mexico is one of the countries that has implemented the new modality of teleworking, which has also been joined by Chile,...
The coronavirus pandemic affected several fundamental aspects of the daily development of the world, including the economy. According to the National Consumer Price Index of the National Institute of Statistics and Geography (Inegi), in Mexico, it reached such a degree that it now presents one of the highest inflation levels in the entire...
During the second quarter of 2020, Mexico's economy reported a fall of 18.7% compared to the same period last year, confirmed by the Inegi, a historical contraction of the Gross Domestic Product (GDP) as a result of the COVID-19, mainly due to the closing of businesses and the suspension of activities to avoid further contagion.
The Bank of Mexico (Banxico) reported that the monetary base (banknotes and coins in circulation and bank deposits in the current account at the Bank of Mexico) increased $5.879 billion pesos, reaching a balance of $1.92 trillion pesos.
The Bank of Mexico (Banxico) will cut the reference interest rate by 50 basis points to 5%, which would mean its lowest level since September 2016 and its ninth consecutive cut.
The federal government's announcement on the delivery and advancement of economic transfers already scheduled for this year 2020 on the occasion of Covid-19 has brought to the discussion table (again) whether the establishment of a Universal Basic Income (UBI) would be a generalized solution that would allow the entire population to be protected,...