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 central bank said on Wednesday.
FILE PHOTO: The logo of Mexico's Central Bank is seen at its building in downtown Mexico City, Mexico February 28, 2019. REUTERS/Daniel Becerril
“The outlook for Mexico’s economy and financial system has deteriorated and become more uncertain,” the report said. Financial conditions in Mexico tightened considerably in March and April, and late corporate payments are up slightly, especially among small and medium-sized firms, Banxico said.
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