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Facets of Mexico

Remittances fell in April by around 1.5 billion dollars

 

DOUBLE EDGE

Facets of Mexico


By: Pascacio Taboada Cortina







PANDEMIC AND ECONOMY CAUSING UNEMPLOYMENT OF 12.5 MILLION FORMAL AND TEMPORARY POSITIONS


A world of catastrophic information has been unleashed around the effects of the COVID-19 pandemic, and an economic situation that threatens to incorporate 12.5 million Mexicans into unemployment and despair in the short term.

According to INEGI information, 12.5 million workers in the country did not receive income during the month of April and expect that the data for May will be similar, while remittances sent by countrymen from abroad decreased in April. at about $ 1.5 billion.

In this regard, President López Obrador declared --in his tour of the southeast-- between an optimistic character and removed from the penalty, "I estimate that, if we do well, we will not exceed a million jobs lost by the pandemic. "

The economically active population received a hard blow, at a time when the health authorities fully recommended the "stay at home" recommendation, at the same time that millions of people classified as traveling, take to the streets to sell anything, in order to obtain an income.

According to CONEVAL (National Council for the Evaluation of Social Development Policies, COVID-19 hits with greater intensity in the poorest municipalities of the country, liberating states such as Guerrero, Veracruz, Oaxaca, Edomex and Chiapas.

This is explained by the lack of sanitary infrastructure and complicated terrestrial communications.

In this regard, the Undersecretary of Health, Hugo López Gattel, estimated that, under these conditions, Mexico could reach a very high number of deaths, between 25,000 and 30,000, due to complications of the Coronavirus 19 and chronic diseases, such as hypertension, obesity, diabetes, and smoking.

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