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    Published on Thursday, July 2, 2020 | Updated on Friday, July 3, 2020

    Mexico | Central Banks help, but they are not the solution

    Summary

    The world is experiencing the deepest recession in the last hundred years. The IMF estimates that the global economy will contract 4.9% in 2020. Many countries will have contractions in the second quarter of this year of between 30% and 40% at annualized rates.

    Key points

    • Key points:
    • We should expect that monetary policy in most countries, including Mexico, will remain in expansionary mode for a long period of time
    • It is necessary to attack once and for all the chronic problem of low collection of the Mexican Government, improve legal certainty for investors and reduce the degree of informality of the economy

    Geographies

    Authors

    Carlos Serrano BBVA Research - Chief Economist

    Documents and files

    Press article (PDF)

    200702_ArtPrensa_CarlosSerrano.pdf

    Spanish - July 2, 2020

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