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COVID-19 Poses Stubborn Challenge to Economic Growth in Mexico

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  • Jesus Cañas
  • Chloe N. Smith

Abstract

Mexico, confronting a high rate of COVID-19 infection and an ineffectual medical response, recorded the largest decline in gross domestic product in a quarter century last year. While manufacturing trade with the U.S. provided economic support, the large and hard to reach off-the-books informal sector proved more troublesome and will play an important role in the nation’s performance in 2021.

Suggested Citation

  • Jesus Cañas & Chloe N. Smith, 2021. "COVID-19 Poses Stubborn Challenge to Economic Growth in Mexico," Southwest Economy, Federal Reserve Bank of Dallas, issue First Qua.
    • Handle: RePEc:fip:feddse:90757
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