Mexico | Scenarios of the effects on poverty due to the Covid-19 crisis

Summary

The estimates made by ECLAC, Coneval and BBVA Research are presented on the effect that the current crisis by Covid-19 can have on the increase in poverty and extreme poverty levels in Mexico in 2020.

Key points

• Key points:
• ECLAC: GDP -6.5%, up to 8.9 million additional people in poverty and 7.7 million additional people in extreme poverty.
• CONEVAL: GDP -5.3% (-5.0% in per capita income), up to 9.8 million more in income poverty and 10.7 million more in extreme income poverty.
• BBVA Research Scenario 1: GDP -7.0%, 12.0 million more in income poverty and 12.3 million more in extreme income poverty.
• BBVA Research Scenario 2: GDP -12.0%, 16.4 million more in income poverty and 18.0 million more in extreme income poverty.

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