By 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
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OPINION By JERRY HAAR Part of an ongoing series from the Wilson Center* The second decade of the 21st century increasingly mirrors the world’s political and economic environment of a century before when nationalism, protectionism and isolationism occupied center stage in the global political economy. The key drivers of economic growth and development — neoliberal economic policies and free market-oriented institutional
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PULSE NEWS MEXICO Just two days after the U.S. financial services rating agency Standard & Poor’s (S&P) revised its long-tern outlook for Mexico from negative to stable, Moody’s Analytics, another of the Big Three credit rating agencies, on Friday, July 8, downgraded the country’s sovereign bonds to Baa2, the next-to-last rung of investment grade, adding that Mexico’s economy will remain
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By JUAN DE JESÚS BREENE So you finally made it to Mexico. You have a real adult job, a decent income, legal status as a resident, an RFC number, a CURP number, a residency card and you have navigated the multiple trips to open a bank account. You feel like you won a Nobel Prize by completing the process. But what
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By KELIN DILLON In new data revealed on Thursday, Jan. 6, by the Mexican Secretariat of Finance (SHCP), Mexico’s difference between income and public sector spending reached 472.8 billion pesos in 2021, the largest deficit the country has seen in the last six years. Between January and November of 2021, Mexico brought in some 5.2 trillion pesos through tax revenue,
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By THE PULSE NEWS MEXICO STAFF Moody’s Analytics, one of the three top credit rating agencies in the world, said Wednesday, Oct. 6, that Mexican President Andrés Manuel López Obrador’s (AMLO) controversial electricity reform initiative would have negative implications for the country’s credit rating. “The initiative would be negative for the Mexican power sector because it would decrease its operational
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By THÉRÈSE MARGOLIS After Brazil, Mexico is the second-largest e-commerce market in Latin America, expected to represent more than $8 billion in sales this year, according to Pedro Abad, CEO of Elogia México, a digital marketing agency. “That figure is impressive, but it pales in comparison with the size of the U.S. e-commerce market, (which amounts to $453 billion in
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