Tag Archives: GDP

Turbulent 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

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Pacific 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

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Mexican 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

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Mexican 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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