Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

Mexican Institute of Finance Executives warns of turbulent year for the country’s economy

The Mexican Institute of Finance Executives ( IMEF ) warned this Tuesday that 2023 will be a turbulent year for the country's economy, so much so that it could face a recession.

Alejandro Hernández Bringas, president of the institute, explained that due to the economic slowdown in the United States, exports and remittances from Mexico could be affected and the impact on the latter will also slow down domestic consumption.

“The slowdown scenario is entirely possible and I think we are on the verge of a recession. I believe that between this slowdown and a . . .

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