Tag Archives: Economy

Covid Pandemic Causes Upper and Middle Classes to Flee

By KELIN DILLON According to new statistics, Mexico’s middle and upper classes were sharply cut in population due to the economic effects of the worldwide covid-19 pandemic, causing many to leave the country for more economically stable locations, while the lower class experienced a simultaneous population boom. The middle class’ proportional population dropped from 42.7 percent of the country’s total

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Mexico’s October Inflation Hits 6.24 Percent

By THE PULSE NEWS MEXICO STAFF Mexico’s inflation rate hit 6.24 percent in October, its highest level since December 2017, the National Institute of Statistics and Geography (Inegi) said Monday, Nov. 8. The National Consumer Price Index (INPC) hike was above market forecasts, which had predicted an annual increase of 6.16 percent, according to a group of economic analysts consulted

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Mexico’s ‘Buen Fin’ Weekend Set to Register Record Sales

By THÉRÈSE MARGOLIS Mexicans have always believed in long weekends, and next weekend is slated to last an entire week, starting on Wednesday, Nov. 10, and running through Tuesday, Nov. 16. The nation’s seven-day, get-ready-for-Christmas shopping extravaganza, known as Buen Fin (Good Weekend), is Mexico’s answer to the United States’ post-Thanksgiving Black Friday sale. Programmed to coincide with the Mexican

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Azeri Envoy Marks First Anniversary of Reunited Nation

By THÉRÈSE MARGOLIS It was a day of absolute jubilation and unrestrained celebration for Azerbaijani Ambassador to Mexico Mammad Talibov and his wife Kamala Talibova when they hosted a diplomatic reception at the Presidente Intercontinental Hotel Polanco on Friday, Nov. 5, to commemorate the first anniversary of their reunited country after nearly three decades of occupation of a fifth of

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Azerbaijani Envoy Marks Nation’s Anniversary with History Review

By THÉRÈSE MARGOLIS Like most embassies in Mexico these days, the Azerbaijani chancellery was unable to host a diplomatic reception this year to mark its independence day. But that didn’t keep Azerbaijani Ambassador to Mexico Mammad Talibov from commemorating the Caucasian nation’s 30th anniversary, albeit a few days late. At the request of Mexico’s National Academy of History and Geography,

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