How has the coronavirus impacted the Mexican economy?

How has the coronavirus impacted the Mexican economy?

Half of its population still works in the informal economy, without any social or health benefits. More than 11,000 people were murdered in the first four months of 2020, as many as the Covid-19 virus, impunity has reached 93 percent, and inequality is rampant.

Which country has the best economy?

Best Countries Overall Rank: 1

• Switzerland.
• Canada.
• Germany.
• Denmark.
• Japan.
• Australia.
• Sweden.
• Netherlands.

What are the economic problems in Mexico City?

Girl wandering the streets of Mexico City. The lowest 10% of society has 1.36% of the country’s resources, while the top 10% has almost 36%. 26% of Mexico’s GDP comes from the informal economy, where almost 60% of all active labor is employed. Income inequality, the tax system, and infrastructure affect the lower social classes much more.

How are the drug cartels affecting Mexico’s economy?

Another major obstacle to Mexico’s economic advancement is the drug cartels. Over the past decade, drug cartels from Colombia established new bases in northern Mexico. These drug barons have been murdering law enforcement officers, civilians, and competitors by the thousands.

What kind of economy does Mexico have in the world?

Mexico is famous for being a giant in the manufacture of consumer goods. It owns the largest reserves of silver in the world and is the tenth country with large oil deposits, being in charge of this last sector the company of the state PEMEX. However, like every country, it has a number of difficulties affecting the economy.

How does corruption affect the economy of Mexico?

It was estimated that by 2014 corruption cost Mexico 9% of GDP. In addition, more than 40% of companies admitted accepting bribes, making their companies less competitive on the world market. Sixty percent of entrepreneurs accept that this type of corruption is considered part of the cost of owning a business.