Tag Archives: Citibanamex

Citibanamex: Mexican Economy Won’t Recover until 2025

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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CitiBanamex Predicts Losses of 24 Billion Pesos Due to Gasoline Shortages

By THE PULSE NEWS MEXICO STAFF     CitiBanamex, Mexico’s second-largest bank, issued a statement on Tuesday, Jan. 15, stating that the current gasoline shortage resulting from President Andrés Manuel López Obrador’s (AMLO) nationwide offensive against fuel robberies will translate into a loss of nearly 24 billion pesos in the nation’s 2019 Gross Domestic Product (GDP). That figure represents about .1 percent

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The Mexican People Have Spoken, and They Said ‘No New Airport’

By RICARDO CASTILLO     The behemoth New International Mexico Airport (NAIM) project was declared defunct on Monday, Oct. 29, by President-elect Andrés Manuel López Obrador (AMLO) after the “no” vote triumphed overwhelmingly during the four-day (Oct. 25 through Oct. 28) national consultation poll carried out by the now-ruling National Regeneration Movement (Morena) political party. The airport construction, at about 20 percent completion (32

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The Pros and Cons of Mexico City’s New Airport Proposal

By RICARDO CASTILLO     The open referendum to approve or disapprove the no-binding construction of the New International Mexico Airport (NAIM) started on Thursday, Oct. 25, and will end on Sunday, Oct. 28. In case you’re not tuned into the situation, which is the nation’s largest and noisiest gossip topic nowadays, here are some of the pro and con opinions regarding the controversial

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