Mexico Metropolis. The Mexican economic system started the second quarter of 2024 with weak point. The International Indicator of Financial Exercise (IGAE) for April contracted 0.6 % in comparison with March because of the slowdown in commerce, providers and the agricultural sector, the Nationwide Institute of Statistics and Geography (Inegi) reported this Friday. The measurement … Read more
Mexico Metropolis. Though its progress fee has moderated within the first 4 months of the yr, the Mexican financial system is strong and has a powerful anchor, which is why it’s rising in keeping with the projection of the Ministry of Finance, of between 2 and three %. , said Gabriel Yorio González. The Undersecretary … Read more
Mexico Metropolis. The debt contracted by the federal public sector, each overseas and within the native market, registers a rise of 5.2 proportion factors of the gross home product (GDP) since 2019 and till the primary quarter of this 12 months, to face at 15.44 trillion pesos, official info confirmed. It is a rebound decrease … Read more
Mexico Metropolis. The restoration of the Mexican economic system after the autumn as a result of coronavirus pandemic is slowing. The primary quarter of 2024 was the beginning of the 12 months with the bottom progress for the reason that emergency closures, with an advance of 0.3 %, the Nationwide Institute of Statistics and Geography … Read more
Mexico Metropolis. The final price of products and providers in Mexico fell barely within the first half of Might, registering a lower of 0.21 p.c in comparison with the instantly earlier fortnight. At an annual fee, inflation was 4.78 p.c and inside it there was no progress equal to that of fruit and veggies, which … Read more
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. 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. 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