Mexico, confronting a high rate of COVID-19 infection and an ineffectual medical response, recorded the largest decline in gross domestic product in a quarter century last year. While manufacturing trade with the U.S. provided economic support, the large and hard to reach off-the-books informal sector proved more troublesome and will play an important role in the nation’s performance in 2021.
Recessions are hardest on minorities; the COVID-19 downturn is no different in that regard. More than half of Texas’ population is Hispanic or Black and the consequences are far-reaching if those groups lag behind economically.
Emily Williams Knight, president and CEO of the Texas Restaurant Association, discusses how the dining industry survived COVID-19 and the changes that have occurred.
