By KELIN DILLON According to the International Monetary Fund’s (IMF) External Sector Report, Mexico drastically needs to reform its fiscal practices and implement increased monetary support to its inhabitants if it wants to fully recover from the economic effects of covid-19. “More domestic fiscal support is needed in the short term to ease the tensions of the pandemic, reduce scars
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By KELIN DILLON New reports have revealed that Chinese firms have invested a staggering $14 billion in Mexico over the past two decades, with 42 percent of this investment occurring in 2019 and 2020. In an analysis from the Academic Network of Latin America and the Caribbean, Chinese companies have put $5.81 billion of capital into Mexico in the last
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By EARL ANTHONY WAYNE, former U.S. ambassador to Mexico
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By EARL ANTHONY WAYNE, former U.S. ambassador to Mexico
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Two former U.S. envoys outline an effective approach
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By KELIN DILLON Job losses in Mexico will reportedly reach high figures this December amid the global coronavirus crisis. Reported figures say an additional 300,000 jobs could be lost in Mexico before the end of the year. However, since there were less new hirings in 2020 than 2019 due to the covid pandemic, there will subsequently be fewer jobs lost
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By EARL ANTHONY WAYNE, former U.S. ambassador to Mexico
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XINHUA Mexico incorporated 1.5 million more citizens into the economically active population (PEA) in July as a result of the gradual reopening of businesses closed due to the covid-19 pandemic, the National Institute of Statistics and Geography (Inegi) reported on Thursday, Sept. 3. The Inegi National Survey on Occupation and Employment (ENOE) showed that the PEA reached 52.6 million in
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XINHUA While the Mexican government has admitted that at least 500,000 workers have already lost their jobs due to the covid-19 pandemic, the Mexican-based HR Ratings is predicting twice that many jobs will be lost in the second quarter of 2020. On Wednesday, May 8, the agency projected a 36 percent nosedive in Mexico’s gross domestic product (GDP) in the
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By RICARDO CASTILLO Corona “Beerus” Brewery Nixed at Border A poll carried out by Mexico’s Interior Secretariat (SeGob) over the past weekend (Saturday, March 21, and Sunday, March 22) resulted in an overwhelming vote against the establishment of Corona beer manufacturer Constellation Brands mega-brewery in the Mexican border city of Mexicali, on the Mexican side of Calexico and Imperial Valley,
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