Mexico City. Mexico can maintain its investment grade in the next two years, but if the debt reaches 60 percent of the Gross Domestic Product (GDP) it can lose it, BBVA predicted. “Public debt could approach 60 percent of GDP at the end of 2030 and the investment grade would most likely be lost if … Read more
Tulum, QR. Fitch Ratings said Thursday that it is not considering reducing Mexico’s sovereign debt rating or moving it from its current investment grade rating – a risk-free instrument for investors – said Gerardo Carrillo, Fitch’s regional director for Latin America for international public finance, when speaking about the country’s outlook a few days before … Read more
Mexico City. Private consumption in the first eight months of the year grew 9.1 percent compared to the same period in 2023, a figure that, while positive, also showed weakness compared to the figure recorded in the same period, according to an analysis by BBVA Research. According to the BBVA Research Big Data Consumption Indicator, … Read more
Spending by international tourists arriving in Mexico during the month of July reached 2,497.5 million dollars, only 0.5 percent more than in the same month in 2023, while the arrival of travelers from around the world reached 3.99 million, according to figures from the National Institute of Statistics and Geography (Inegi). According to the International … Read more
Mexico City. In a session without the reference of the United States, the financial markets in Mexico closed with a mixed balance this Monday. On the eve of the outcome of the reform of the Judicial Branch in the country, the Mexican peso showed a daily depreciation against the dollar by 0.47 percent, equivalent to … Read more
Mexico City. While awaiting the outcome of the debate on judicial reform in the Chamber of Deputies and amid fears about the economy, the Mexican peso is accelerating its fall against the dollar towards levels of 20 units per dollar. At the opening of the American markets, the Mexican currency depreciated by 0.78 percent, trading … Read more
Mexico City. The automotive industry in Mexico managed to sell 962,870 light vehicles in the national market in the first eight months of 2024, its best sales for a similar period since 2017, according to data from the National Institute of Statistics and Geography (Inegi). According to the progress of sales to the public in … Read more
Mexico City. The Mexican economy has slowed down and is expected to continue to show less dynamism towards the end of the year, suggests the Composite Indicator System: coincident and leading, calculated by Inegi. The National Institute of Statistics and Geography (INEGI) stated that the leading indicator, which suggests the behavior of the economy in … Read more
Mexico City. The Bank of Mexico (BdeM) has ‘strongly’ revised downward its economic growth forecast for Mexico for 2024, from 2.4 percent to 1.5 percent, due to the fact that a lower dynamism of investment is anticipated due to the uncertainty that persists, both due to internal and external factors. During the presentation of the … Read more
Mexico City. The quarterly gross domestic product (GDP) showed an annual increase of 5.9 percent during the first quarter of 2024, reaching more than 32 trillion current pesos, revealed the National Institute of Statistics and Geography (Inegi). This morning, the Institute presented the preliminary quarterly results of GDP using the income and expenditure method, which … Read more