Several years ago, on April 13, 2009 the first case of
a death in Mexico from the swine flu virus (H1N1) was found in Oaxaca and
quickly led to the 2009 Swine Flu Pandemic.
Even though the final results in Mexico were 398 deaths with only 15 in
the state of Jalisco the economic impact placed a severe the strain on an economy already under pressure from
an ongoing economic crisis. Although the World Bank extended Mexico
$25 million in loans for immediate aid and $180 million in long-term
assistance, it wasn't enough to restore customer, investor confidence leading
to a significant tumble in the value of the peso.
It was reported that
the food services sector within Mexico City experienced losses of over $4.5 million
US dollars per day; that pork meat prices dropped 30% within Mexico. As a precaution all schools were closed for
several days, mass gatherings were prohibited, and it also prompted
cancellations of all the festivals in the country. Obviously tourism was heavily impacted with
warnings by the U. S. State Department to avoid any unnecessary travel to
Mexico.
Since then the ensuing
8 years have seen a long, slow recovery in tourism and financial growth. This came at a time during which the U.S. was
struggling with recovery from its own economic recession caused by the housing bubble
in mid-2007. Since then the weak economic recovery has led
many to call it a "Zombie Economy", so-called because it was neither “dead
nor alive”. May 2014 marked the recovery
of all jobs lost during the recession. However, it’s claimed that these new
jobs are not equal in pay to those medium-paying jobs lost.
As a result while it
appeared that we saw a growing increase in the numbers of travelers during the
past few years they were not spending as much on non-essential goods to take
back home and were spending most of their travel dollars on low cost food and beach
time. One of our favorite inexpensive
establishments on Basilio Badillo, Pancho’s Takos, is a perfect example of this. Given, the food is outstanding, an early
evening drive by has an average of 25-30 persons waiting for their turn at
service which already has approximately 30 seating. WOW. Dolores and I wait until hi-season is over
before attempting to visit.
This year has
appeared to us to have many more visitors than the past several years. Its predicted over 35 million persons will
visit Mexico in 2017.While crowded, it’s a wonderful sight to see so many
visitor wandering the streets, and in the stores shopping for things to take
back home. Our friends who have business
are reporting a great year. Its time!
