Mexico in the Midst of Geopolitical Chess
Amid all the geopolitical shifts, political changes are also coming in Mexico
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USMCA Can Ensure North America’s Success, if a Few Disputes Are Resolved
To fully capitalize on the momentum of nearshoring, it is imperative that the “three amigos” jump in with both feet and fully engage on the trilateral trade and competitiveness agendas, including effectively addressing disputes
Read moreMexican Exports Down amid Fears of US Recession
As a result, Mexico registered a trade deficit in April of almost $1.51 billion
Read moreMexican Economy Ticks Up 1 Percent in First Trimester
The drop in the expected growth rate was the result of low dynamics in the industrial sector
Read morePilots Protest AMLO Reform to Allow Air Cabotage
López Obrador’s argument that this measure would lower the price of plane tickets is wrong
Read moreTurbulent Global Economy Will Affect Mexico in 2023
By MARK LORENZANA Expect economic turbulence this year on a global scale, with “obvious effects for Mexico,” according to José Domingo Figueroa, the new president of the Mexican Institute of Finance Executives (IMEF), in an interview with Mexican daily newspaper Reforma on Monday, Jan. 2. Two of the biggest factors that will directly affect Mexico’s economy, according to Figueroa, are
Read morePacific Alliance Suspended over Peruvian President’s Travel Ban
By KELIN DILLON On the morning of Tuesday, Nov. 22, Mexican President Andrés Manuel López Obrador (AMLO) confirmed that the 17th Pacific Alliance Summit – which was set to be held in Mexico from Wednesday, Nov. 23, to Friday, Nov. 25 – will now be suspended indefinitely as summit participant and Peruvian President Pedro Castillo remains barred from leaving Peru
Read moreSenate Approves Mexico’s 2023 Federal Income Law
By KELIN DILLON In the early hours of Wednesday, Oct. 26, Mexico’s Senate approved the proposed 2023 Federal Income Law in a vote of 65 in favor, 44 against and two abstentions, preserving the initiative verbatim sent by the executive branch and Chamber of Deputies, without any changes. Set to go into effect in 2023, the newly passed Federal Income
Read moreMexican Government Prioritizes Subsidies over Investments
By MARK LORENZANA The Mexican federal government has continued its trend of prioritizing subsidies over investments, despite the economic crisis brought about by the covid-19 pandemic. In the first six months of this year, subsidies and financial transfers totaled 463.5 billion pesos, according to data released by Mexico’s Secretariat of Finance (SHCP). In contrast, physical investment — which is focused on building, conserving
Read moreMexican Economy Shrinks for Third Straight Month, Recession Probable
PULSE NEWS MEXICO According to preliminary numbers from Mexico’s National Institute of Statistics and Geography (Inegi), released on Thursday, Aug. 18, the nation’s economy shrank by 0.1 percent in July, constituting the third month in a row with a negative growth rate. In June, Mexico’s economy also contracted by 0.1 percent, and in May, it contracted by 0.2 percent, based
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