The continuity of the presence of COVID 19 is a reality. Each person, kind reader, you can check; has in his family or knows someone in his close circle infected. Yes, it is a reality that the severity of the infection during the effects of the new variant, Omicron, has been milder in most of those infected. But, yes it is worth, there are still hospitalized. And something worrying is what was reported last Monday by the Secretary of Health of the state government and EL DEBATE published the same day: “The Secretary of Health in Sinaloa reported that seven people are intubated in the state due to the fourth wave of Covid -19 and the new variant Ómicron, of which two are minors. The secretary of health, Héctor Melesio Cuén Ojeda, said at the Sinaloa Pediatric Hospital there are three hospitalized children, two of whom are intubated.
The pandemic continues, it is not an invention, an advertisement for, or against, some economic or political reason. It is a pandemic that continues to affect the health of human beings. And, in Sinaloa we inhabit human beings. Your guard should not be lowered, hygiene measures must continue: wash your hands, wear a face mask, keep your distance, avoid crowds. There is no other, for the moment. This is going to end. Undoubtedly. But, yes, it is not the moment when the COVID 19 pandemic is over. Keep taking care of yourself, kind reader, or the consequences could be fatal. Each adult with custody and care of an infant is responsible for the life and health of that infant. Without them, the infants, there is no future anywhere on planet Earth. There are the natural settings that are all over Sinaloa. You have to keep teaching them to infants.
Of remittances and consumption of Mexicans
The Bank of Mexico (Banxico) announced that remittances (sending money to Mexico by nationals living abroad) were 51.594 billion dollars in 2021. It is a historical record figure. It represented a growth of 27% with respect to what entered for that concept in 2020, where 40.604 billion dollars were sent. These data show how in the two years of the COVID 19 pandemic, more than 90 billion dollars have reached the hands of Mexicans abroad. No one can be naive and not hypothesize that part of this monetary flow has to do with the flow of money from organized crime activities, particularly drug trafficking. The efforts of the SAT of the federal government to attack money laundering are there. However, the increase can also be hypothesized to have helped the consumption of Mexican households in the midst of the pandemic crisis.
In 2019, remittances were 36.439 billion dollars. This represented an increase of 10% in 2020 compared to 2019. Banxico published that in 2020 this increase favored the consumption of Mexican households: “For its part, the consumption of households in the country, taking as a measure the Indicator Monthly of Private Consumption in the Internal Market (IMCPMI) of national origin published by the INEGI, experienced a real contraction of 10.6% in 2020 compared to 2019. Empirical evidence for Mexico suggests that remittances are a relevant determinant of consumer consumption. households in the states of the country. This implies that the contraction in private consumption during the pandemic period could have been greater than that observed if remittances had not maintained an upward trend during 2020” (Remittances and their Effect on Household Consumption in the Regions of Mexico in the Context of the COVID-19 Pandemic, Banco de México, 27/Mar/2021).
Paragraphs: From 41.6% biannual growth
As can be seen, Banxico states that the 10% increase in remittances from abroad, between 2020 and 2019, helped ensure that the effect of the contraction of the economy, due to the pandemic, has not further affected the consumption of Mexican households. Now with an increase of 27% it is to be expected that support for consumption has been higher. Waiting for Banxico’s analysis between consumption contraction in 2021 and the support that can be inferred with this increase in remittances. If a count is made of the growth of this indicator of the country’s finances in the two years of the pandemic, in Mexico remittances from abroad have increased 41.6%. The figure shows a monetary flow that even impacts the Gross Domestic Product. It is an economic variable that must continue to be analysed: its positive effect on the consumption of Mexican households; and, the analysis of what is lawful, or not, of its origin.
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