XINHUA Mexico’s gross domestic product (GDP) fell just 3.6 percent in the first quarter of 2021 year-on-year, the National Institute of Statistics and Geography (Inegi) said on Wednesday, May 26, revising its initial estimate of a 3.8 percent drop. According to a revised breakdown by economic segments, the services sector plummeted 4 percent between January and March of this year
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By RICARDO CASTILLO It’s the end of July and figures are beginning to trickle in regarding the state of Mexico’s economy. The first one landed on Friday, July 26, from the National Institute of Geography and Statistics (Inegi), which is the nation’s foremost authority in gauging financial and industrial trends and the news is not good since the Gross Domestic
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By RICARDO CASTILLO It’s hard to understand why Mexican President Andrés Manuel López Obrador (AMLO) reacted viscerally to the two-level downgrading New York-based Fitch Ratings made of the state-owned oil company Petróleos Mexicanos (Pemex) last Tuesday, Jan. 29. In any case, if there is going to be a culprit for the heinous performance of Pemex finances, it is none other than
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