The price of the dollar in Mexico operates downward in the early hours of Thursday, while markets digested the comments of officials of the Federal Reserve American on monetary policy. The exchange rate is listed at 17,136 pesos per dollar, according to data from the Bloomberg agency. At a general level, the expectations for the […]
Tag: mexican economy
‘Nearshoring’ would boost Mexico’s GDP up to 2.5% in the next six years
Mexico could increase its gross domestic product (GDP) up to 2.5% in the next six years due to the “nearshoring”and reach foreign direct investment (FDI) levels of up to US$ 50,000 million (46,679 million euros at today’s exchange rate), estimated this Monday the Council of Global Companies (Ceeg). “The phenomenon of investment relocation (nearshoring) is […]
López Obrador rules out economic crisis in Mexico during his tenure
The president of Mexico, Andrés Manuel López Obrador, assured this Monday that he does not foresee any economic crisis in the country, although he did not rule out that external factors could lead to a crisis, although that would be until 2025. “We do not rule out that yes, there may be an external economic-financial […]
Pemex: What role does it play in the Mexican economy and what are the products it sells?
Mexican oil (Pemex) is a state-owned company that produces, transports, refines and markets oil and natural gas. Likewise, it represents a key support in the Mexican economy, since it produces and supplies primary energy and strategic goods, concentrating the factors of production and services in a single entity. In this sense, it has an individual […]
Mexico closes 2022 with an annual inflation of 7.82%
The Mexican inflation rate reached 7.82% annually in December, the highest level for a year-end in 22 years and so far this century, the National Institute of Statistics and Geography (Inegi) reported on Monday. In addition, the consumer price index (CPI) rose 0.38% compared to November, when annual inflation had fallen to 7.8%, the autonomous […]
Mexican economy will benefit from Russia-Ukraine war, says President AMLO
Updated on 03/21/2022 03:20 pm Mexican President Andrés Manuel López Obrador said Monday that the war between Russia and Ukraine will boost investment in the country and lead to further growth in Latin America’s second-largest economy. The coronavirus pandemic and, now, the war in Europe, have affected supply chains, causing many companies that supply the […]
Different paths lead Brazil and Mexico to recession
They got there in starkly contrasting ways, but Latin America’s two largest economies find themselves in a similar and unenviable place two years into the pandemic: back in recession. Mexican production contracted 0.1% in the three months to December, the government’s statistics institute reported today, after a 0.4% contraction in the previous period. Brazil’s $1.6 […]
Lack of supply for companies due to supply crisis puts Mexico’s economy at risk
From the auto industry to producers of toilet paper and cement, Mexican companies have been hit hard by bottlenecks in international supply chains, depressing growth prospects for Latin America’s second-largest economy. Thousands of vehicles remain stranded in Mexico’s assembly plants waiting for semiconductors, but the consequences of raw material shortages have been felt in almost […]
Mexico could be Denmark, economically speaking
Por Tyler Cowen I am optimistic about Mexico. There it is, I said it. I realize that many people see Mexico as a dangerous and corrupt territory, but the most basic facts are the most important, especially for investors and economists: Mexico has one of the highest per capita income among emerging economies, it is […]