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Published on Friday, February 11, 2022

Mexico | The economy is stagnant; recovery suspended

After the deep economic contraction that Mexico experienced in the second quarter of 2020, a recovery process began in the third quarter of that year that continued until the second of last year.

Key points

  • Key points:
  • There has been a lot of debate about whether the country's economy went into recession or not. There is no clear answer as there is no precise definition of what constitutes a recession.
  • There are several factors that explain this poorer relative performance. First, Mexico is more negatively affected by bottlenecks in global supply chains as it is a country with a high manufacturing vocation.
  • Second, the decision not to have countercyclical fiscal impulses to lessen the impact of the crisis, as a large number of countries did.
  • Third, the health response to the contingency was not optimal, which resulted in Mexico being one of the countries with the highest number of excess deaths on the planet.

Associated documents for downloading

  • Report (PDF) ArtPrensa_CarlosSerrano_10Febrero22-2.pdf Spanish February 11, 2022

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