Mexico City. The ability of the new Mexican government to reduce the fiscal deficit, which in 2024 will be around 6 percent of gross domestic product (GDP) “is limited by an increasingly rigid spending structure and a reduced income base,” Moody’s said this Thursday, announcing a change from “stable” to “negative” in the outlook for … Read more
Mexico City. The Mexican peso ended the week with gains, managing to overcome the turbulence caused by Donald Trump‘s victory in the presidential election in the United States last Tuesday, while investors continue to weigh the risks that Trump’s return to the House represents for Mexico. Blanca, who has threatened to impose tariffs on imports … Read more
Mexico City. In October 2024, the cost of the food basket in the urban area of the country rose 5.6 percent compared to September of the same year, increasing from 2,224.83 pesos to 2,349.71 pesos, according to updated information from the National Evaluation Council. of the Social Development Policy (Coneval). In the case of rural … Read more
Mexico City. The slowdown of the economy in most of the country’s states comes from the weakness of domestic demand, lower growth in formal employment and moderate investment by companies due to the fall in public spending, BBVA México stated. Carlos Serrano, chief economist of BBVA, said that at the end of 2024, 27 states … Read more
Mexico City. On the eve of the election in the United States, volatility took over the financial markets this Monday. The exchange rate in Mexico, which began the day at 20.05 pesos per dollar, ended at 20.15 per spot dollar. Amid the global weakness of the dollar, emerging currencies, mainly those of Latin America, were … Read more
The International Monetary Fund (IMF) on Friday urged Latin American and Caribbean governments to address economic policies aimed at fostering potential growth, saying their reform agenda needs a boost while activity is expected to moderate in the key economies. In their Regional economic outlookthe IMF projected that the region’s growth will accelerate from 2.1 percent … Read more
Mexico City. At the start of the week before the elections in the United States, the Mexican currency closed above 20 pesos per spot dollar this Monday, its worst level since September 10, 2024. The Mexican peso linked three sessions down (1.05 percent), where this Monday it reported a daily depreciation of 0.32 percent, equivalent … Read more
Mexico City. The reduction in interest rates, which the Bank of Mexico (BdeM) has already initiated, is in favor of increasing credit and reducing the difficulties in meeting the debts of medium-sized companies in Mexico; every time he nearshoring and the growth of services maintain the dynamism of financing, stated Miguel Ángel Gomez, co-founding partner … Read more
Mexico City. The Mexican currency tried to move away from the psychological level of 20 pesos per dollar. The Mexican peso registered a daily appreciation of 0.14 percent, equivalent to 2.8 cents, to close at 19.9478 pesos per spot dollar. The gain of the national currency slowed, since before the opening its price was around … Read more
Mexico City. Despite the general strengthening of the dollar, the Mexican currency showed an important return from the 20 pesos per dollar that it reached on Wednesday morning, closing with a daily appreciation of 0.62 percent, equivalent to 12.44 cents, to close at 19.8234 units. per dollar spot. According to data from the Bank of … Read more