What Happened Mexican President Andres Manuel Lopez Obrador on April 5 outlined the steps his government will take to deal with the economic impact of the COVID-19 pandemic. With the prevailing consensus among analysts projecting Mexican GDP will contract 8 percent in 2020 (versus government estimates GDP will contract 4 percent), Lopez Obrador's government has come under criticism for not announcing fiscal stimulus sooner like the many other world governments that have announced aggressive fiscal and monetary responses over the past several weeks. With an economy already in recession, the Mexican government was not expected to produce a plan on the order of those unveiled by most developed nations. It was not even expected to unveil a plan of the size announced by the Chilean government, which said it will spend an estimated 5 percent of GDP to boost the economy.