By KELIN DILLON While Mexico has long been spending more than it brings in through revenue, 2022 saw the country’s public deficit increase by approximately 26 percent – the largest deficit spike it has experienced since 2016. According to figures from Mexico’s Secretariat of Finance (SHCP), Mexico’s public deficit between January and November of 2022 stood at 611.1 billion pesos,
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Sharing the Wealth
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PULSE NEWS MEXICO Consumer prices in Mexico were higher in 2022 than the average registered throughout the rest of the region, according to the Economic Commission for Latin America and the Caribbean (Cepal). According to a report released by the Cepal at the start of January, in Mexico, prices rose 8.4 percent last year, while in the rest of the
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By KELIN DILLON According to Mexico’s autonomous National Institute of Statistics and Geography (Inegi) and its corresponding Timely Indicator of Economic Activity (IOAE), the Mexican economy slowed down at the end of 2022 as November’s reported .1 percent economic decline ended the nation’s previous four-month streak of positive economic growth. November’s figures represent Mexico’s first economic decline since June 2022,
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By KELIN DILLON On Monday, Dec. 19, Mexican President Andrés Manuel López Obrador (AMLO) announced during his daily morning press conference that there will be no price hikes in Mexico this coming January, while encouraging the nation’s citizens to save as much money as they can and instead “give affection” as a gift this holiday season. Mexico, like many countries
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PULSE NEWS MEXICO Back in the United States, Elon Musk may be distracted by his recent and controversial takeover of Twitter, but here in Mexico, he is moving full speed ahead with plans to open a giant Tesla assembly plant in the northern state of Nuevo León. Musk’s U.S-based electric car manufacturer Tesla is expected to announce in the coming
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By ANTONIO GARZA, former U.S. ambassador to Mexico
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OPINION By ERIC FARNSWORTH and EARL ANTHONY WAYNE North America was trending in the midterm elections, although you may have missed it. Think about the top campaign issues in races across the country: economic recovery and job creation, inflation, the price of gasoline, immigration, border security, increasing crime and suffering in communities devastated by fentanyl and other drugs. With the
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By EARL ANTHONY WAYNE, former U.S. ambassador to Mexico
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PULSE NEWS MEXICO The minimum wage in Mexico — the lowest within the three-member United States-Mexico-Canada Agreement (USMCA) region — will increase by 20 percent in the coming year, President Andrés Manuel López Obrador (AMLO) announced Thursday, Dec. 1. The announcement constituted the fifth increase in Mexico’s minimum wage since López Obrador took office four years ago. During the morning
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