Tag Archives: Economy

War in Ukraine Adds to Mexico’s Economic Insecurity

XINHUA The growing geopolitical conflict resulting from Russia’s invasion into Ukraine has exacerbated uncertainty surrounding Mexico’s economy, the Mexican Institute of Finance Executives (IMEF) said on Tuesday, March 15. In its monthly analysis, the private-sector IMEF said that the global economic landscape changed notably due to the Russia-Ukraine conflict, the impact of which is still to early to gauge. IMEF

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Latino Women Taking Lead in US Economic Recovery

By THE PULSE NEWS MEXICVO STAFF The growing momentum of Latinas in the United States shows that these women will play a decisive role in the U.S. economic recovery, said Angélica Fuentes Téllez, one of Mexico’s wealthiest and most powerful women, in a recent interview with the Publifix news service. Fuentes Téllez, who, along with her ex-husband Jorge Vergara, is

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Inflation in Mexico Hits 7.28 Percent in February

By THE PULSE NEWS MEXICO STAFF Mexico’s National Consumer Price Index (INPC) registered 7.28 percent at the annual rate in February, its first rise after two consecutive months with declines, the National Institute of Statistics and Geography (Inegi) reported on Wednesday, March 9. This was the INPC’s highest level since 2000, when it was placed at 10.52 percent. The February

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Keeping Gas Prices Low Will Cost Mexican Government Dearly

By THE PULSE NEWS MEXICO STAFF Keeping President Andrés Manuel López Obrador’s (AMLO) promise on Thursday, March 3, to not raise gasoline prices as global crude oil prices soar will come with a hefty price tag for his administration, experts warned on Friday, March 4. Just last January, the fiscal stimulus granted by the government to gasoline consumers represented a

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OECD Says Mexico Needs ‘Comprehensive Reform’ to Boost Growth

XINHUA Mexico needs a “comprehensive reform agenda” to boost investment and economic growth, the Organization for Economic Cooperation and Development (OECD) said Monday, Feb. 21. After cutting its economic forecast for Mexico’s growth expectations for 2022 from 3.3 percent to just 2.3 percent, OECD Secretary General Mathias Cormann, warned that in order to spur higher growth, Mexico would have to

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ASF Report Reveals Mega-Project Spending Discrepancies

By KELIN DILLON A new report by Mexico’s Superior Audit Office of the Federation (ASF) detailing the expenditure of the government’s public mega-projects, executed through the compilation of 15 financial and performance audits, has revealed inherent disorder, delays and irregularities found within the construction of President Andrés Manuel López Obrador’s (AMLO) pet projects, like the Tren Maya, the Dos Bocas

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