Mexico | Impact of Covid-19 on the economy: inaction is more dangerous than overreaction
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
- Geography Tags
- Mexico
Topics
- Topic Tags
- Macroeconomic Analysis
- Central Banks
- Financial Markets
Tags
Authors
Javier Amador
BBVA Research - Principal Economist
David Cervantes Arenillas
BBVA Research - Senior Economist
Arnulfo Rodríguez
BBVA Research - Principal Economist
Saide Aránzazu Salazar
BBVA Research - Principal Economist
Carlos Serrano
BBVA Research - Chief Economist
Documents and files
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