Category

Business and Economy

Mexico’s economy grew by 3% in 2022

The Mexican economy is growing despite a bleak environment of geopolitical conflicts and inflation. The Gross Domestic Product (GDP) of Mexico registered a growth of...
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Worse-than-expected slowdown for the Mexican economy

The Mexican economy slowed down during November. The Global Indicator of Economic Activity (IGAE) registered a decrease of 0.45 percent, compared to October, the month...
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Inflation in Mexico exceeds market forecasts in early January, rate hikes expected

MEXICO CITY, Jan 24 (Reuters) – Mexico’s headline inflation accelerated and exceeded expectations in early January, data from the national statistics agency showed on Tuesday,...
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Mexico will stop producing the 20 peso bill and replace it with a coin

Just what everyone wants! More change in their pocket. The Bank of Mexico (Banxico) announced that in 2025 the 20-peso bill will cease to circulate,...
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Mexico’s Pemex destroyed resources worth $342 million from two top fields

MEXICO CITY, Jan 18 (Reuters) – Mexican state oil company Pemex illegally burnt off hydrocarbon resources worth more than $342 million in the three years...
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Mexican economy grew around 3% last year, fueled by tourism

MEXICO CITY, Jan 17 (Reuters) – Mexico’s economy expanded by about 3% in 2022, Finance Minister Rogelio Ramirez de la O said in a statement...
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Household wealth optimism collapses, global survey shows

Jan 16 (Reuters) – Barely two in five people believe their families will be better off in the future, according to a regular global survey...
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World Bank warns of risk of recession in Mexico

The global Gross Domestic Product (GDP) will suffer an abrupt slowdown with the weakening of advanced economies, which will exacerbate the headwinds for emerging economies...
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Mexico closes 2022 with the highest inflation rate in 22 years

The Mexican economy registered an annual inflation rate of 7.82 percent in December, data that meant its highest year-end closing since 2000, according to Inegi....
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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...
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Mexico’s minimum wage increased to $10.50 USD for an 8-hour workday

Mexico declared a 20% increase in the country’s daily minimum wage Thursday. Starting next year, the basic minimum wage will be 207 pesos, or about...
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Mexico’s domestic airline industry in shambles

MEXICO CITY (AP) — Mexico’s domestic airline industry is in shambles, plagued by safety problems, a ratings downgrade by the U.S. Federal Aviation Administration, and...
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