By THE PULSE NEWS MEXICO STAFF Since the global covid-19 pandemic first erupted in March of 2020, Mexico’s economy has dropped two spots, from 15th to 17th place. according to the International Monetary Fund (IMF). That is the worst position it has held since 1988, when it occupied the same place in a list of 190 nations. The Mexican economy
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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 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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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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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 RICARDO CASTILLO Bleak Outlook on Poverty There is no question that Mexico’s gross domestic product will plummet this year. The question is how much it will fall, and guesses range from between 5.7 percent to 10.5 percent. A recent study by the National Council for the Evaluation of Social Development (Coneval) presented two different economic scenarios for the rest
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By RICARDO CASTILLO Mexican Beaches Closed for Easter Mexican marines and municipal police have full control of Acapulco beaches to impede tourists from doing what they do best every Easter weekend: Enjoy their vacations. Guerrero Governor Hector Astudillo held a press conference on Tuesday, April 7, to “acknowledge the efforts being made by the persons participating in actions to keep
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By RICARDO CASTILLO Indigenous Design Rights International fashion design houses Louis Vuitton and Pineda Covalín are now in negotiations with the Mexican government to pay intellectual and creative rights to the country’s indigenous people after having copied some of their original designs without paying the corresponding copyrights. Legislative changes in Mexico, said Senator Susana Harp, include placing the indigenous communities
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By RICARDO CASTILLO García Luna Refuses Mexico’s Help Shackled and wearing an orange prison jumpsuit, Mexico’s former top cop Genaro García Luna appeared before Judge David Horan of the Dallas Federal Court on Tuesday, Dec. 17. García Luna, who was the public security secretary under former Mexican President Felipe Calderón (2006-2012), declined during his brief 10-minute court appearance his right
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By RICARDO CASTILLO Fear does not ride on a burro; it flies at the speed of sound! And spreading fear of President Andrés Manuel López Obrador’s (AMLO) economic policies seems to be the leading reason that Mexico’s Gross Domestic Product (GDP) has slumped markedly, to the point of reaching a minimal growth of 0.1 percent for the second quarter of
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