Mexico City. The country has enough potential to be the tenth most important economy in the world, said Eduardo Osuna Osuna, vice president and general director of BBVA México, the bank with the greatest presence among those operating in the country. For this to happen and for activity growth to exceed the 2 percent annual … Read more
Mexico City. Fiscal expansion is underway and is gaining momentum transiently to the Mexican economy, economic analysts predict. Mexico’s preliminary gross domestic product (GDP) figure for the first quarter of 2024 – which was certainly weak, but not as weak as the market consensus expected – is enough to feel optimistic about the economy’s growth … Read more
Mexico City. The confidence of Mexican businessmen showed a slight increase in April to confirm its stability, supported by construction, commerce and services, revealed data from the National Institute of Statistics and Geography (Inegi). With original figures, the Global Indicator of Business Confidence Opinion (Igoec), which is the weighted average of the indicators of the … Read more
Mexico City. Manufacturing activity in Mexico fell in April, for the second consecutive month, revealed the National Institute of Statistics and Geography (Inegi). At the end of April 2024, the Manufacturing Orders Indicator (MPI), which allows us to know the expectations and perception of business managers about the behavior of the manufacturing sector, stood at … Read more
Mexico City. Mexico will grow this and next year above the average of the countries that make up the Organization for Economic Cooperation and Development (OECD), the organization itself revealed, although it made a downward adjustment for its 2024 estimate. A “market “solid labor market”, with historically low unemployment rates, added to the investment in … Read more
Mexico City. As part of the banking efforts to concentrate the opportunities offered by the phenomenon of company relocation, better known as nearshoring, Citibanamex executives met with 52 companies in Asia. “Citibanamex corporate banking executives toured Asia with the aim of strengthening commercial ties with companies in the region, promoting relocation to Mexico and promoting … Read more
Mexico City. The political noise in Mexico does not affect the financial markets as much, since they are more concerned about the country’s high fiscal deficit, close to 6 percent, and the US elections; The above, because the result of the elections will not change Mexican economic policy much, said Ernesto Revilla, chief economist for … Read more
Mexico City. The increase in the prices of tomato, green tomato, serrano and poblano chili, as well as fruits such as orange, pineapple and papaya, explained much of the surprising rebound in annual general inflation in Mexico. Annual general inflation in the country rebounded to 4.63 percent in the first half of April from 4.37 … Read more
Mexico City. The Timely Indicator of Economic Activity (Ioae) estimated that Mexico’s economy managed to rebound in the first quarter of 2024, driven by services, revealed the National Institute of Statistics and Geography (Inegi). According to figures released by Inegi, the Mexican economy, measured through the Ioae, advanced 1.7 percent annually in February and 2.1 … Read more
Mexico City. The Japanese R&I ratified the rating of Mexico’s sovereign debt at BBB+ and maintained the stable outlook, so it does not expect movements in the note in the medium term. He considered that despite the increase in the fiscal deficit expected for 2024, the fiscal program is prudent. With this, Mexico maintains its … Read more