Tag Archives: Gross Domestic Product

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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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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Mexico’s Economic Recovery Still Below Pre-Pandemic Levels

By KELIN DILLON While the first quarter of 2022 presented the most accelerated recovery of the Mexican economy post-Covid-19, the country’s Gross Domestic Product (GDP) still falls below its pre-pandemic levels. According to the National Institute of Statistics and Geography (Inegi), Mexico’s GDP advanced by one percent throughout 2022’s first quarter, .2 percent above the preceding quarter. The GDP of

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Mexican Economy Registers Technical Recession in 2021

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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AMLO’s Electricity Reform Could Cost 261 Billion Pesos

By THE PULSE NEWS MEXICO STAFF If Mexican President Andrés Manuel López Obrador’s (AMLO) controversial electricity reform — which would prioritize the use of state-run carbon-based fuels over private, clean-sourced energy — passes, the federal budget could lose up to 261 billion pesos in 2022, according to the  Center for Economic and Budgetary Research (CIEP), Mexico’s top independent thinktank. In

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