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    Mexico | Impact of Covid-19 on the economy: inaction is more dangerous than overreaction

    Published on Wednesday, March 25, 2020 | Updated on Thursday, April 2, 2020

    Mexico | Impact of Covid-19 on the economy: inaction is more dangerous than overreaction

    Summary

    This is a time when decisions must be made quickly; what is decided will have significant consequences. Drastic measures to ensure that people isolate are urgent, “desirable” and absolutely necessary.

    Key points

    • Key points:
    • It is also necessary to allocate fiscal resources to have as many tests as possible, including on people who are not showing symptoms
    • Economic measures are needed as never before to limit the economic consequences of the pandemic on people, starting with the most disadvantaged; fiscal objectives must be put on the backseat
    • The private sector must also respond to the circumstances

    Geographies

    Authors

    Javier Amador BBVA Research - Principal Economist
    David Cervantes Arenillas BBVA Research - Senior Economist
    Arnulfo Rodríguez BBVA Research - Principal Economist
    Saide Aránzazu Salazar BBVA Research - Principal Economist
    Carlos Serrano BBVA Research - Chief Economist

    Documents and files


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    Report (PDF)

    ImpactCovid19Economy.pdf

    English - March 25, 2020

    Report (PDF)

    ImpactoCovid19Economia.pdf

    Spanish - March 25, 2020

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