Mexico's economy is expected to contract at historic levels in the second quarter after measures intended to curb the spread of the coronavirus hammered economic activity, according to a Reuters poll of analysts.
FILE PHOTO: People walk past a building undergoing construction in Mexico City, Mexico January 30, 2020. REUTERS/Andres Martinez Casares
Among 13 analysts surveyed by Reuters, the median estimate was for a seasonally adjusted 17.7% drop in gross domestic product in the April-June period compared to the first quarter, when the economy contracted by 1.2%. In April and May, much of the country’s economic activity was suspended due to measures imposed by the government to confront the pandemic. Mexico has registered 390,516 total infections and 43,680 deaths so far.
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