Mexico economy: Gov’t rules out stimulus as businesses suffer

Mexico is struggling to cope with the economic fallout from the coronavirus pandemic.
Nearly 12 million people there were left without an income in April alone.
But the government has ruled out a significant stimulus package.
Al Jazeera’s John Holman reports.

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In This Story: Mexico

Mexico is a country in the southern portion of North America. It is the most populous Spanish-speaking nation. Mexico City is its capital city and largest metropolis.

Mexico became an independent nation state after the successful Mexican War of Independence against Spain in 1821.

Mexico is a developing country, but has the world’s 15th-largest economy by nominal GDP and the 11th-largest by PPP, with the United States being its largest economic partner. Since 2006, a conflict between the government and drug trafficking syndicates has led to over 120,000 deaths.

Mexico receives a significant number of tourists every year; in 2018, it was the 6th most-visited country in the world, with 39 million international arrivals.

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