By MARK LORENZANA President Andrés Manuel López Obrador (AMLO) on Wednesday, Sept. 7, accused businessmen in Mexico of increasing their profits especially in times of crisis, claiming that the Mexican Treasury will now ask them for an explanation. In his Wednesday morning press conference, López Obrador said that private businesses should instead help control price increases. He specifically mentioned the
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By MARK LORENZANA Mexico’s National Institute of Statistics and Geography (Inegi) announced on Tuesday, Aug. 23, that during the first 15 days of this month, the National Consumer Price Index (INPC) increased 0.42 percent, bringing the country’s annual rate of inflation to 8.62 percent. According to the Inegi, the INPC recorded its highest level since the second half of December
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XINHUA The Mexican economy is facing a multi-year recovery, with experts predicting the country will not return to the productivity levels of 2018 until mid-2025 due to the impact of the novel coronavirus (covid-19), the Citibanamex Financial Group said Thursday, Oct. 8. Notwithstanding, the private institution’s forecasts improved for 2020, with a prediction of a 9.8 percent drop in the
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