The Mexican government and the National Electoral Institute have decided to remove President Andres Manuel Lopez Obrador’s name from the letters that were supposed to be sent to recipients of stimulus loans.
Small-scale business owners in Mexico’s localities are struggling to maintain their businesses while they deal with slow production, low sales, and shortage of employees during the pandemic. This week, the federal authorities have approved around 700,000 loans for Mexican businesses.
Not knowing when the federal government will finally lift the restrictions that forced them to close due to the coronavirus pandemic, factories in five of Mexico's six northern border states are planning to resume operations in May.
Mexico's Ministry of Labor and Social Security launched a platform to maintain the workers' knowledge and skills as they are forced to work from home amid the COVID-19 crisis, according to a recently published article.
With the GDP drop in last year's fourth period, Mexico registered two consecutive quarters of economic contraction, thus meeting the technical definition of a recession.
