Covid-19 has had a significant impact on the Latin American residential real estate market, with the economic slowdown and increased investor uncertainty serving to dampen growth in the short term. Nevertheless, the pandemic has stimulated demand for both rental properties and accommodation with outdoor space, while also accelerating the digitalisation of the industry and boosting competition among mortgage lenders.
‘Nearshoring’ – whereby companies shift their offshore production capacities closer to home – is experiencing significant growth in Latin America amid the coronavirus pandemic.
The coronavirus pandemic has disrupted supply chains around the world, giving rise to systemic challenges in a range of global industries. However, the situation is also creating opportunities in some countries such as Mexico, whose medical supply sector is going through the initial stages of a significant expansion.
To what extent is Mexico’s industrial sector well positioned to withstand the global economic challenges that have resulted from the Covid-19 pandemic?
Following a coronavirus-related fall in crude prices, oil-producing nations have sought to calm global markets by announcing a significant production cut, with Mexico standing to benefit from a special dispensation in output after striking a deal with the US.
While the Covid-19 pandemic has broken 720,000 cases and led to almost 34,000 deaths globally as of 29 March, Mexico – which has the world’s 10th-largest population, at 127m – has reported 993 cases and 20 deaths.
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