President Andres Manuel Lopez Obrador presents plan to reactivate economy of Mexico

President Andres Manuel Lopez Obrador presents plan to reactivate economy of Mexico

President Andres Manuel Lopez Obrador   presents plan to reactivate economy of Mexico

Mexican President Andres Manuel Lopez Obrador has presented plans to reactivate the economy in two weeks to help bring the country back from a sharp recession caused by the Coronavirus [Covid-19] pandemic.

"In 15 days, a plan for the reactivation of the economy will be presented," Lopez Obrador said during a regular conference, noting that the government is in talks with the powerful business lobby CCE.

Lopez Obrador has said in recent days that the pandemic is losing force in Mexico, but its death toll stands as the world's third highest after the United States and Brazil.

Similarly, Thai economy worst hit in 20 years resulted from the coronavirus disease outbreak, in Bangkok. Thailand's economy is expected to see its biggest slump in more 20 years due to the pandemic.

Gross domestic product (GDP) is expected to shrink between 7.3 and 7.8 percent this year, said Tossaporn Sirisamphan, secretary-general of the governmental National Economic and Social Development Board.

An earlier forecast put the decrease at between 5 and 6 percent. It would be the biggest annual contraction since the 1998 Asian financial crisis.
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