By RICARDO CASTILLO Bleak Outlook on Poverty There is no question that Mexico’s gross domestic product will plummet this year. The question is how much it will fall, and guesses range from between 5.7 percent to 10.5 percent. A recent study by the National Council for the Evaluation of Social Development (Coneval) presented two different economic scenarios for the rest
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By RICARDO CASTILLO AMLO’s Virtual Powwow with G-20 Leaders In what was his first international encounter — even if only virtual — with the Group of 20 (G-20) world leaders on Thursday, March 26, Mexican President Andrés Manuel López Obrador (AMLO) vowed the nation’s solidarity with all affected nations and explained his point of view as to how to proceed
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By RICARDO CASTILLO The Return of the Swaps The U.S. Federal Reserve (Fed) struck a deal with eight national central banks, including the Banco de México (Banxico), to back up dollar-denominated loans in global markets in an attempt to stabilize the exchange market, now under stiff pressure from the Covid19 pandemic. Banxico issued a press release explaining: “The swap mechanism
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