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Historical unemployment figures in the US Data on unemployment published by the Department of Labor this morning confirmed the largest setback in employment in the country`s history (20.5M), which tripled the rate of unemployment, setting it at 14.7%, its highest level since the Great Depression in 1929. According to the report, the calculation of the

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Mexico records lowest inflation since December 2015 INEGI figures published this morning show a monthly (-) 1.01% general contraction regarding consumer prices in April, which has taken the annual rate to 2.15%, very close to its historically low level – reached in December 2015 (2.13%). The largest drop was seen, once again, in energy prices

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FED expects uneven recovery among US regions Members of the Open Market Committee of the US Federal Reserve, which decides on monetary policy matters, assured they expect to see an economic recovery towards the second half of 2020, however, it could occur differently among regions. The President of the Atlanta FED, Raphael Bostic, assured that

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Advanced economies start to plan their reopening After several weeks of quarantine in Europe and the United States, some confinement measures to stop the virus`s spread have started to loosen. With the worst of the virus left behind, more than four million workers have returned to their jobs in Italy, while Spain has allowed its

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US-China tensions rekindle Over the weekend, statements were made by US President Donald Trump and Secretary of State Mike Pompeo, pointing at China as the culprit for the pandemic, and have talked about possible retaliatory measures. Americans have blamed Beijing`s government for mishandling COVID-19`s outbreak which occurred at the beginning of the year and caused

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Mexico records its deepest contraction since 2009 INEGI estimates suggest that the Mexican economy contracted at a (-) 2.4% annual rate during 1Q20 (-1.6% quarter over quarter). With this, three consecutive quarters have recorded contractions (quarter over quarter, it would be five consecutive quarters), and the first quarter of 2020 recorded the largest annual rate

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US economy contracts more than expected in 1Q20 Data released by the Bureau of Economic Analysis of the US Department of Commerce confirmed a quarterly annualized (-) 4.8% contraction in the first quarter of the year. The contraction was observed in practically all of the GDP`s components, except government spending (0.7%), which recorded its lowest

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WTI drops again The West Texas Intermediate (WTI), American crude oil price reference, has fallen a little over 37% in the last two sessions and approaches $10 dollars per barrel. Some funds and investors have started to get rid of their June futures contracts in light of fears that they could reach negative prices in

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Bank of Japan broadens monetary stimulus In its monetary policy meeting, the Bank of Japan has committed to buying a limited amount of government bods and double its purchasing of corporate debt (20 trillion yen) to maintain interest rates low. These measures also seek to back the government`s actions, which has announced aggressive spending programs

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The Mexican economy contracted in February The INEGI`s Global Indicator of Economic Activity in Mexico (IGAE, for its acronyms in Spanish), recorded its second consecutive month of contraction regarding the Mexican economy this year, setting at -1.6% annual (-0.2% monthly) during February. Figures suggest that the economy is very weak, even prior to COVID-19`s impact

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