Covid-19

Amid Pandemic, Mexico Economy Outlook Worsen – Central Bank

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The central bank of Mexico on Wednesday disclosed that Mexico’s economic and financial outlook has worsened amid the coronavirus pandemic, and temporary measures to shore up the financial system will remain in place.

The five-member board of the Bank of Mexico, which is often referred to as Banxico, made the assessment on the outlook as it presented its latest financial stability report.

The outlook for Mexico’s economy and financial system has deteriorated and become more uncertain,” the report said.

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