The opportunity to acquire a permanent license will only be available for one year, from November 2024 to December 2025, and applicants will have to pay 1,500 pesos to receive the document
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The 3.68 trillion pesos in taxes collected during the first nine months of 2024 represent a 346.2 billion peso year-over-year increase from 2023
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However, Mexico’s total remittances received during the first seven months of 2024 still represented a year-over-year increase during the same period of the previous year
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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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As a result, Mexico only took in a total of 658.9 billion pesos in public revenue during the first month of 2024
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Nearshoring picked up steam when the covid-19 pandemic exposed the considerable risks inherent in the supply chains for numerous critically important products and intermediate goods for which there was often a single supplier
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The financial advantages of exiting the Mexican Stock Exchange have prompted 9 percent of Mexican companies on the market to delist from the exchange during the last six years
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Mexico is expected to pull in 2 percent of economic growth in 2024, down from the 3.4 percent predicted for 2023
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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
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The Institute of the National Housing Fund for Workers’s housing loan default rate has grown by 16.3 percent since March 2019, creating a unstable environment for Mexican workers seeking new housing loans
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