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President, No Big Coronavirus Related Economic Stimulus in Mexico

VOA News

   Mexico'sPresident said there willnotbea bigeconomic stimuluspackage
   related to the coronavirus pandemic, although the country is facing a
   crisisunlikeanything before.

   Andrés Manuel López Obradorstruck an optimistic tone
   Sunday,uncommonelsewherenowadays, as the COVID-19hasdrastically slowed
   the economy around the world.

   "This crisis is temporary, transitory and will soon return to normal.
   We will defeat the coronavirus, we will revive the economy and Mexico
   will continue to stand up and show the world its glory and
   greatness,"Obrador said.

   Mexico's economyhasalready been in recession.Last week,Mexico's
   Treasurysaidthecountry's economywouldcontractup to3.9% in 2020 because
   ofthe coronavirus.

   Private analystshave predicted a deeperdive. Thursday,Bank of
   Americasaidthat Mexico's GDP could contract 8% this year.

   Mexico is aclose economic partner of the United Statesand it is
   expected to have directly or indirectly some benefitfrom the $2
   trillion stimulus package approvedby the U.S. Congress and signed by
   President Donald Trump.

   As of Sunday,Mexico hadconfirmed94 deaths related tothe
   coronavirusandover2,100 infections.

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