Mexican Exports Down amid Fears of US Recession

As a result, Mexico registered a trade deficit in April of almost $1.51 billion
Read moreAs a result, Mexico registered a trade deficit in April of almost $1.51 billion
Read moreThe bank said it expects inflation to stand at 4.7 percent at the end of 2023 and 3.1 percent at the end of 2024
Read moreIn Mexico, Fitch predicted that Banxico will have to continue raising rates, since the fight against inflation is still far from over
Read moreThe cow has run dry and is no longer producing milk
Read moreThis is the 14th time in a row that Mexico’s Central Bank has raised the rate in a nearly two-year cycle
Read moreOnce he is sworn in, he will serve as a Banxico vice governor through Dec. 31, 2030
Read moreBy KELIN DILLON According to Mexico’s autonomous National Institute of Statistics and Geography (Inegi) and its corresponding Timely Indicator of Economic Activity (IOAE), the Mexican economy slowed down at the end of 2022 as November’s reported .1 percent economic decline ended the nation’s previous four-month streak of positive economic growth. November’s figures represent Mexico’s first economic decline since June 2022,
Read moreBy KELIN DILLON On Monday, Dec. 19, Mexican President Andrés Manuel López Obrador (AMLO) announced during his daily morning press conference that there will be no price hikes in Mexico this coming January, while encouraging the nation’s citizens to save as much money as they can and instead “give affection” as a gift this holiday season. Mexico, like many countries
Read morePULSE NEWS MEXICO Core inflation in Mexico during the first half of November reached 8.66 percent, according to the National Institute of Statistics and Geography’s (Inegi) National Consumer Price Index (INPC), representing 8.14 percent at an annual rate. Despite a slight moderation compared to previous fortnights, headline inflation was still well above the Central Bank of Mexico’s (Banxico) objective target
Read moreBy JUAN DE JESÚS BREENE Someone asked me recently if cash was still the main form of payment in Mexico. And just like the answer to other broad and vague questions, when assessing whether cash is still king in Mexico, the answer is yes … and no. At the height of the covid-19 pandemic, the Mexican government, in conjunction with
Read more