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

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