Mexico entered a recession in the first year of AMLO and before COVID

Mexico entered a recession in the first year of AMLO and before COVID

One of the relevant data is that it was confirmed that Mexico entered a recession months before COVID-19 caused the closure of a large part of economic activities. Ending 120 consecutive months of economic expansion.

In a strict sense, the committee identified that the last recession in Mexico began in June 2019, after 120 consecutive months of economic expansion.

Thus, the Mexican economy expanded from June 2009, after the real estate crisis in the United States, until June 2019, seven months after López Obrador took power. In that month the recession began and lasted until May 2020. A recession of 12 months in total.

In contrast, according to the Director of Economic Analysis of Grupo Financiero Base, Gabriela Siller, the recession in the United States lasted only 2 months, in 2020.

With the work of the Business Cycle Dating Committee of the Mexican Economy, six recessions and five expansions can be identified, from 1980 to date. The longest recession was the one that began in 1981 and ended in June 1983, a total of 19 months.

After this crisis, an expansion of only 27 months followed, until the new recession that began in October 1985 and lasted until December 1986; before an expansion of 95 consecutive months that ended with the mistakes of December, under the government of Ernesto Zedillo.

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