Mexican 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
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Mexico’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 moreUnemployment Down in Mexico, but Informal Economy Up
One of the pressing concerns for Mexico in the coming years is the high level of informal labor and those joining the informal economy
Read moreInternal Economic Policies in Mexico Accelerate Capital Flight
By MARK LORENZANA In the second quarter of this year, outflow of capital from Mexico totaled $5.74 billion, a figure 88.9 percent higher than the previous quarter. For the ninth consecutive quarter, the country has registered capital flight, according to figures from the Central Bank of Mexico (Banxico). Gabriela Siller, director of economic analysis at Banco Base, explained that the covid-19 pandemic
Read moreMexican Economy Contracts for Third Trimester in a Row
By THE PULSE NEWS MEXICO STAFF Despite repeated promises from President Andrés Manuel López Obrador (AMLO) of a 6-percent economic growth in 2021, Mexico registered a 0.2 percent contraction last quarter, marking three straight trimesters in a row of decline in the nation’s gross domestic product (GDP), according to statistics provided Wednesday, Jan. 19, by the National Institute of Statistics
Read moreCapital Flight from Mexico up 1,147 Percent in Third Quarter
By THE PULSE NEWS MEXICO STAFF During the third trimester of 2021, portfolio investment in Mexico registered nearly $14.6 billion in capital flight, both foreign and national, representing a 1,147 percent increase compared to the $1.17 billion that left the country during the same period of 2020. The 2021 third quarter figure is the largest capital exodus recorded for any
Read moreSpanish Financial Group Forecasts Mexican Economy Will Remain Stagnant in 2020
XINHUA Mexico’s economy will continue to perform poorly in 2020, awaiting investment in infrastructure and the results of a renovated North American free trade agreement that has yet to be ratified, according to a leading Spanish financial group. Mexico’s gross domestic product (GDP) will close the year bordering on a decline, partly due to cuts in public spending on productive
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