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.
Contrary to earlier predictions, Mexico's Gross Domestic Product (GDP) could grow 0.91 percent in 2020, a little bit lower from the 1.00 percent expected in January, according to a survey reported by Mexico Business.
The National Chamber of the Transformation Industry Enoch Castellanos (CANACINTRA) has issued a warning against Mexico's National Energy Investment Plan, calling it "a simulation," according to an article by Mexico Business.
Mexico will be ending the first quarter on a bad note due to U.S. election campaign and fears over the coronavirus outbreak, with Mexico's peso vulnerable to further slumps, a Reuters poll revealed.
According to an article by Mexico Business, PEMEX remaining to be the world's most indebted oil company as it plummets with a US$18.3 billion net loss for 2019 which is nearly double compared to that of 2018.
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.
