GDP

The ugly numbers had been expected. Mexico suspended much of its economic activity and urged people to stay at home beginning in late March

Mexico registered a fifth consecutive quarter of economic contraction confirming the country is in recession since early 2019

The numbers contrast with López Obrador's presidential campaign

Gross domestic product grew by 0.1%

Economic growth in Mexico, Latin America’s second-largest economy, is seen dipping this year

Development banks finance infrastructure projects, as well as small and medium enterprises and sectors that aren't handled by commercial banks

The previous administration boasted that 11 reforms that are “transforming and fundamental for the political, economic, and social development” took place in only 18 months

The first budget presented by Mexico’s new leftist government was met with a positive response from financial markets on Sunday

The GDP decrease in the construction sector is related to the fact that the most affected entities were Mexico City, Puebla, Morelos, Chiapas, Oaxaca and the State of Mexico, entities that have a great impact on the GDP performance

HR Ratings confirms the long-term ranking of HR A-(G) and short-term of HR2 (G) for Mexico's sovereign debt