Peso Falls After Global Market Crash
Experts signaled that a potential recession in the United States caused investors to sell off pesos in a “domino effect” away from assets deemed as risky
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Mexican GDP Slows in Second Quarter
Despite Mexico’s slowing GDP, the country has still experienced 11 consecutive quarters of economic growth.
Read moreSheinbaum Announces Open Dialogue on Judicial Reform
However, the president-elect confirmed that no changes will be made to the controversial ‘plan c’ reforms despite the open discussion
Read moreMexican Peso Reaches Strongest Level Against Dollar Since 2015
Despite the current strength of the peso, the Bank of Mexico predicts the peso-to-dollar exchange rate will rise above 18 to 1 by the end of the calendar year
Read moreJanuary’s Oil and Tax Revenue Register Below Government Predictions
As a result, Mexico only took in a total of 658.9 billion pesos in public revenue during the first month of 2024
Read moreNavigating Mexico: Thinking out Loud with a Dollar
At some point in time, the peso-dollar exchange rate will fluctuate, like it always does
Read moreMexico’s Country Risk Indicator up 45.9 Percent from 2017
Mexico fell to 11th place in 2023 from its fifth place ranking in 2017, placing Mexico’s economy in the bottom half of the 17 Latin American economies considered by Emerging Markets Bond Index compiled by JP Morgan Chase
Read morePeso Loses Ground against Dollar after U.S. Financial Shakeup
The peso slid dramatically in early trading by more than 3.5 percent against the dollar because of traders fearing market contagion from the U.S. bank collapses
Read moreMexico Introduces Income Package for 2022
By KELIN DILLON Mexico’s Commission of Finance and Public Credit of the Chamber of Deputies introduced its 2020 Income Package on Saturday, Oct. 16, to be debated and voted on Monday, Oct. 18. The package reveals an anticipated 4.1 percent Gross Domestic Product (GDP) growth and an estimated exchange rate of 20.3 pesos to the U.S. dollar, as well as
Read moreMexican Government Presents 2022 Budget Proposal
By KELIN DILLON On the afternoon of Wednesday, Sept. 8, Mexican Secretary of Finance and Public Credit (SHCP) Rogelio Ramírez de la O presented Mexico’s 2022 budget plan to the Chamber of Deputies under the administration of President Andrés Manuel López Obrador (AMLO), featuring no increase in taxes, increased spending in the health sector, and historical levels of public investment.
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