Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

Nearshoring in Mexico Does Not Meet Economic Expectations

Puerto Vallarta, Mexico - The World Bank has adjusted its growth forecast for Mexico, downgrading it to 2.3% from the 2.6% previously estimated in January. This revision comes as a result of the absence of anticipated investment influxes linked to the relocation of foreign companies' plants and the hype over nearshoring.

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