Tag Archives: contraction

Mexican Economy Shrinks for Third Straight Month, Recession Probable

PULSE NEWS MEXICO According to preliminary numbers from Mexico’s National Institute of Statistics and Geography (Inegi), released on Thursday, Aug. 18, the nation’s economy shrank by 0.1 percent in July, constituting the third month in a row with a negative growth rate. In June, Mexico’s economy also contracted by 0.1 percent, and in May, it contracted by 0.2 percent, based

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AMLO Pats Himself on the Back in Third-Year Address

By THE PULSE NEWS MEXICO STAFF Mexican President Andrés Manuel López Obrador (AMLO), nearly three years into his six-year term, spoke to the nation in a televised address on Thursday, July 1, marking the third anniversary of his 2018 electoral victory. During the 40-minute address, AMLO showcased what he said were his administration’s most important successes and made predictions for

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Mexican Economy Contracts…Again

By THE PULSE NEWS MEXICO STAFF It will come as no surprise to most economists that the Mexican economy, which contracted by 0.1 percent in pre-covid 2019, once again registered a dramatic shrinkage in 2020. Despite constant assurances from leftist President Andrés Manuel López Obrador (AMLO) throughout the last 12 months that the nation’s economy was “on track” and would

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New Vehicle Sales in Mexico Up for Fourth Month in a Row

XINHUA New vehicles sales in Mexico rose 5.75 percent in August compared to the previous month, climbing for the fourth consecutive month amid the covid-19 pandemic, official figures showed Wednesday, Sept. 2. Sales reached 77,092 units in August, compared to 72,897 in July, the National Institute of Statistics and Geography (Inegi) said. Vehicle sales plunged to 34,903 units in April,

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