Mexico’s government said it will set out plans to reboot the economy, in a move that is likely to see highly automated industries lead the way in coordination with U.S. business partners
MEXICO CITY - Mexico’s government said it will on Wednesday set out plans to reboot the economy after weeks of disruption from coronavirus, in a move that is likely to see highly automated industries lead the way in coordination with U.S. business partners.
The coronavirus has brought key sectors of industry to a juddering halt in Mexico, which has registered more than 3,500 deaths from the pandemic and is poised to suffer an economic contraction of up to 10% or more this year, analysts say. Mexico’s government has been studying the experience of other countries that have been emerging from strict lockdowns and believes that highly mechanized factories offer better conditions to control the risk of contagion, officials say.
Restrictions could start to be eased in parts of the country as soon as May 18, while harder-hit areas may have to wait until the start of next month, the government says.
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