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 While Mexican President Andrés Manuel López Obrador (AMLO) has set a deadline of 2024 for the nation to become self-sufficient in gasoline production, the country is severely lagging in the production of premium, high-octane gasoline, used by about 30 percent of all Mexican vehicles. Currently, Mexico’s state-run oil company Petróleos Mexicanos (Pemex) produces only 4
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By THE PULSE NEWS MEXICO STAFF Despite repeated promises from President Andrés Manuel López Obrador (AMLO) of a 6-percent economic growth in 2021, Mexico registered a 0.2 percent contraction last quarter, marking three straight trimesters in a row of decline in the nation’s gross domestic product (GDP), according to statistics provided Wednesday, Jan. 19, by the National Institute of Statistics
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By THE PULSE NEWS MEXICO STAFF Graciela Márquez Colín, Mexico’s former secretary of economy, will replace Julio Santaella as the head of the National Institute of Statistics and Geography (Inegi) as of Jan. 1, President Andrés Manuel López Obrador (AMLO) announced Wednesday, Dec. 15. Márquez Colín will replace Julio Santaella. “Being the first woman in the head of the Inegi
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By KELIN DILLON Throughout 2020, reports and complaints surrounding human rights violations in Mexico (mainly against the illegal actions of government authorities) increased by 35.7 percent from the year previous, with a total of 252,066 complaints registered by the National Institute of Statistics and Geography (Inegi) on a state and national level. According to the National Human Rights Commission (CNDH)’s
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By THE PULSE NEWS MEXICO STAFF Inflation in Mexico jumped dramatically in November to 7.37 percent, its highest level since January 2001, and financial analysts have raised their annual forecasts to close the year at 8 percent. In the second half of the November, the National Consumer Price Index (INPC) jumped to 7.7 percent, also its highest level since 2001,
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By THE PULSE NEWS MEXICO STAFF Since the start of the year, some food prices in Mexico have doubled, and others have increased by as much as 148 pecent, according the the National Institute of Statistics and Geography (Inegi). The price of avocados has increased by 45 percent since January, while onion prices are up 44 percent and tomatoes are
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By THE PULSE NEWS MEXICO STAFF Mexican President Andrés Manuel López Obrador’s (AMLO) supposed “largest reforestation program in the world” is actually eroding the country’s rich rainforests, according to Greenpeace. In fact, the federal Sembrando Vida (Sowing Life) reforestation program is now the main cause of deforestation in Mexico, according to a report released by Greenpeace earlier this month. Half
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By THE PULSE NEWS MEXICO STAFF At the close of 2021’s third quarter, the share of Mexico’s economy that was informal increased by 14.16 percent, representing more than 31.4 million workers, according to the National Institute of Statistics and Geography (Inegi). That figures represents an increase of nearly 4 million more people added to the country’s informal economy this year.
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By KELIN DILLON According to new statistics, Mexico’s middle and upper classes were sharply cut in population due to the economic effects of the worldwide covid-19 pandemic, causing many to leave the country for more economically stable locations, while the lower class experienced a simultaneous population boom. The middle class’ proportional population dropped from 42.7 percent of the country’s total
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