By KELIN DILLON More than a million businesses in Mexico, or one in five, were forced to permanently shutter their doors due to effects of the worldwide coronavirus pandemic, reported Mexico’s National Institute of Statistics and Geography (Inegi). Of the 4.86 million businesses registered in the Inegi’s 2019 economic census, an estimated 3.85 million survived, while 1 million-odd businesses closed
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By KELIN DILLON Job losses in Mexico will reportedly reach high figures this December amid the global coronavirus crisis. Reported figures say an additional 300,000 jobs could be lost in Mexico before the end of the year. However, since there were less new hirings in 2020 than 2019 due to the covid pandemic, there will subsequently be fewer jobs lost
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XINHUA Mexico’s economy will continue to perform poorly in 2020, awaiting investment in infrastructure and the results of a renovated North American free trade agreement that has yet to be ratified, according to a leading Spanish financial group. Mexico’s gross domestic product (GDP) will close the year bordering on a decline, partly due to cuts in public spending on productive
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