Economic consequences of the COVID-19 on Mexican enterprises

Abstract

This article aims to expose the consequences of the Covid-19 epidemic in Mexican enterprises considering both their size and large sector of belonging. The information provided by Encuesta sobre el Impacto Económico Generado por Covid-19 en las Empresas (ecovid-ie by its acronym in spanish) raised by inegi in two rounds (april and august 2020). Among the main results, most companies have to take health and operational actions to address the contingency and suffered various economic impacts, the most important was the decrease in revenues. It also points out that they received little support from different levels of government and to a large extent this responded to entrepreneurs not being aware of existing supports. Another note that stands out is that expectations for their incomes for the next six months were mostly negative in april and became slightly more optimistic in august without a return to normality in their incomes. Based on the results in the final part, there is a discussion about the policy applied, its errors and how it should be rethinked.