Mexico Slumps to ‘Nice Melancholy’ Financial Lows, Central Financial institution Slashes Forecast | Investing Information

MEXICO CITY (Reuters) – Mexico’s financial system might contract by virtually 13{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} this 12 months, the central financial institution warned on Wednesday, after GDP knowledge confirmed the pandemic lockdown had…

World Financial institution’s Reinhart Sees ‘Pandemic Despair’ in Many Nations

(Bloomberg) — Covid-19 has created an financial downturn that can trigger a “pandemic melancholy” in lots of nations, in response to World Financial institution chief economist Carmen Reinhart. The world…