After announcing that the coronavirus test results were positive and quarantined at home for two weeks, Mexican President López reappeared at the daily morning press conference on February 8 local time, optimistically predicting that the Mexican economy may rise by 5% in 2021, higher than the “conservative” expected by 3.5%. .
Lopez’s confidence in his economy stems from “the consumer market has not contracted significantly” and that “the rising trend of unemployment has been curbed”.
For example, the sales of supermarkets in Mexico increased by 6.1% year-on-year compared with January 2020. In the first two months of this year, the loss of jobs has improved.
The exchange rate of the Mexican peso against the US dollar is generally stable.
Affected by the COVID-19 epidemic, Mexico’s GDP contracted by 8.5% in 2020, the largest decline since 1932 (the Great Depression).
However, in the last quarter of last year, Mexico’s economy achieved positive growth of 3.1%.