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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

Documents and files

Report (PDF)

ImpactCovid19Economy.pdf

English - April 2, 2020

Report (PDF)

ImpactoCovid19Economia.pdf

Spanish - March 25, 2020

Authors

Javier Amador
Javier Amador Principal economist for Mexico
BBVA Research
More information
David Cervantes Arenillas
David Cervantes Arenillas Senior economist for Mexico
BBVA Research
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Arnulfo Rodríguez
Arnulfo Rodríguez Principal economist for Mexico
BBVA Research
More information
Saide Aránzazu Salazar
Saide Aránzazu Salazar Principal economist for Mexico
BBVA Research
More information
Carlos Serrano
Carlos Serrano Chief economist for Mexico
BBVA Research
More information

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