Mexican Economy Stagnates with Recession
XINHUA … Mexico’s economy underwent a recession in the first half of 2019 and stagnated in the third quarter…
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AMLO’s Economic Thimblerig
By THÉRÈSE MARGOLIS In yet another of his baffling political sleights of hand, Mexican President Andrés Manuel López Obrador (AMLO) on Wednesday, July 31, somehow managed to convince his adoring hordes of blind followers that a 0.1 percent growth rate for the second quarter of 2019 – which, in fact, confirmed that the country is in a state of economic
Read moreLuy’s Lines
Mexico’s Sinking Economy
Read moreThe Greatest Showman
By THÉRÈSE MARGOLIS There’s no denying that Mexican President Andrés Manuel López Obrador (AMLO, as he likes to be called) is charismatic, and he definitely puts on a great show. In fact, his daily song and dance act at the National Palace has become a standing-room-only extravaganza with “sold-out” crowds of politically developmentally challenged proselytes who see him as
Read moreOECD Lowers Predictions for Mexico’s 2019, 2020 Economic Growth
By THE PULSE NEWS MEXICO STAFF Mexican President Andrés Manuel López (AMLO) may not put much stock in the downgrades issued in recent weeks by the Big Three international credit agencies, Fitch, Moody’s and Standard and Poor’s, but the Organization for Economic Cooperation and Development (OECD) certainly seems to. In its latest global economic forecast, published on Wednesday, March 6,
Read moreBank of Mexico Lowers Forecast for Annual Growth
By THÉRÈSE MARGOLIS The Bank of Mexico (Banxico) lowered it predicted 2019 GDP growth rate for Mexico on Wednesday, Feb. 27, from between respectable 1.7 and 2.7 percent to an unexceptional 1.1 to 1.2 percent on Wednesday, Feb. 27. Citing a variety of causes from a global economic slowdown to internal factors such as fuel shortages (due to a nationwide
Read moreCitiBanamex Predicts Losses of 24 Billion Pesos Due to Gasoline Shortages
By THE PULSE NEWS MEXICO STAFF CitiBanamex, Mexico’s second-largest bank, issued a statement on Tuesday, Jan. 15, stating that the current gasoline shortage resulting from President Andrés Manuel López Obrador’s (AMLO) nationwide offensive against fuel robberies will translate into a loss of nearly 24 billion pesos in the nation’s 2019 Gross Domestic Product (GDP). That figure represents about .1 percent
Read moreMexico’s Slow March to a Nationwide Shutdown
By THE PULSE NEWS MEXICO STAFF Commercial activities in Mexico City are slowly beginning to come to a standstill as literally hundreds of drivers have begun to sleep in their cars awaiting gasoline – some so long that they have run out of gas completely and now cannot move the vehicles at all – and sales at el Centro de
Read moreNew US Tax Bill Takes Mexico by Surprise
The bill might hit U.S. expats living in Mexico as well because, for the most part, these Americans represent a hefty source of income for Mexican charities and nongovernmental organizations
Read moreMex-Economy in Distress, Not Shambles
The worst red light flashing is that of inflation
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