Tag Archives: Economics

CitiBanamex Predicts Losses of 24 Billion Pesos Due to Gasoline Shortages

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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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Mexican Election Results Spark Market Jitters, Peso Decline

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By THÉRÈSE MARGOLIS     It will take months, or even years, before Mexico sees the long-term economic consequences of its people’s passionate landslide vote to elect leftist populist Andrés Manuel López Obrador (AMLO) as their president on Sunday, July 1. But while there will no doubt be significant economic ups and downs in the months ahead, the Mexican Bolsa de Valores

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Bangladesh: From Basket Case to Bread Basket

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By THÉRÈSE MARGOLIS     For a country that just three decades ago was a nation on the brink of mass starvation, the Republic of Bangladesh has made tremendous strides in recent years, both socially and economically. Although it is still plagued by overpopulation, political instability, the scourge of Islamic terrorism and a reputation for unsafe working conditions for its laborers (not

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