By KELIN DILLON According to the Mexican Center for Economic and Budgetary Research (CIEP), if the current tax subsidies provided to gasoline and diesel by the Special Tax on Production and Services (IEPS) are maintained, the Mexican economy will lose 554 billion pesos and experience 2.4 percent contraction in GDP in 2022 as a direct result of the policy. Given
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By THE PULSE NEWS MEXICO STAFF For the third straight year — all under the watch of leftist President Andrés Manuel López Obrador (AMLO) — Mexico’s economy contracted in 2021, representing a second technical recession. According to the government’s own data, provided on Monday, Jan. 31, by the National Institute of Statistics and Geography (Inegi), the country’s economy contracted for
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By THÉRÈSE MARGOLIS It was a day of absolute jubilation and unrestrained celebration for Azerbaijani Ambassador to Mexico Mammad Talibov and his wife Kamala Talibova when they hosted a diplomatic reception at the Presidente Intercontinental Hotel Polanco on Friday, Nov. 5, to commemorate the first anniversary of their reunited country after nearly three decades of occupation of a fifth of
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By KELIN DILLON Early in the morning of Wednesday, Oct. 27, Mexico’s Senate approved the country’s new Income Package for 2022 in a 66 to 44 vote, without making any changes to the initiative. Though opposition parties presented more than 400 potential issues with the initiative, majority senators from the in-power National Regeneration Movement (Morena) rejected their reservations one-by-one. The
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By THÉRÈSE MARGOLIS Like most embassies in Mexico these days, the Azerbaijani chancellery was unable to host a diplomatic reception this year to mark its independence day. But that didn’t keep Azerbaijani Ambassador to Mexico Mammad Talibov from commemorating the Caucasian nation’s 30th anniversary, albeit a few days late. At the request of Mexico’s National Academy of History and Geography,
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By ANTONIO GARZA, former U.S. ambassador to Mexico
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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
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By JESSICA GUERRERO MORELIA, Michoacán — Just three weeks before Michoacán Governor Silvano Aureoles Conejo is due to end his six-year term of office, the western Mexican state is rife with social tensions and rampant violence that threaten to embroil the once-rising political star in a scandal that could bury his future ambitions permanently. Aureoles Conejo, who at the beginning
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XINHUA Mexico’s economy rebounded 19.7 percent year-on-year in the second quarter of 2021, buoyed by good performance across all sectors, according to preliminary figures released Friday, July 30, by the National Institute of Statistics and Geography (Inegi). Seasonally adjusted figures showed Mexico’s gross domestic product (GDP) grew 1.5 percent in the second quarter compared to the previous, Inegi said in
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By KELIN DILLON Though Mexico’s gross domestic product (GDP) has been rebounding after the economic effects of the covid-19 pandemic, the Center for Economic Studies of the Private Sector (CEESP) said that families in poverty are likely worse off because of it, only widening the country’s large inequality gap. The CEESP pointed out that many medium- and small-sized businesses were
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