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  • puerto vallarta airportPuerto Vallarta Records Another Month of Decline in Passenger Arrivals In October 2024, Puerto Vallarta International Airport experienced a slight decline in passenger traffic, marking a 0.8% decrease compared to the same month last year. The airport welcomed 433,900 passengers, down from 437,300 in October 2023, according to data released by Grupo Aeroportuario del Pacífico (GAP). Despite the monthly dip, the airport has maintained a…
  • catrina-con-guardianPuerto Vallarta Unveils Monumental Xoloitzcuintle Sculpture in Day of the Dead Festivities Puerto Vallarta, Mexico — The Malecón of Puerto Vallarta burst into life with joy and color as Mayor Luis Munguía unveiled the "Spiritual Guardian of the Monumental Catrina," an event that attracted hundreds of residents and their beloved pets. The centerpiece of the celebration is a colossal figure of a Xoloitzcuintle dog, measuring 8 meters…
  • Puerto Vallarta Tops Beach Destinations for Day of the Dead FestivitiesPuerto Vallarta Tops Beach Destinations for Day of the Dead Festivities Puerto Vallarta, Jalisco—As the Day of the Dead festivities concluded, Puerto Vallarta emerged as one of Mexico's most popular tourist destinations for the celebration, according to the Federal Ministry of Tourism (Sectur). Among beach locales, it achieved the highest hotel occupancy rates during the festive period. From Friday, November 1 to Sunday, November 3, Puerto…
  • Sinkhole Opens on Guadalajara-Puerto Vallarta HighwaySinkhole Opens on Guadalajara-Puerto Vallarta Highway Puerto Vallarta, Mexico — A significant sinkhole has emerged in the Sierra Occidental region of Jalisco, posing a danger to motorists traveling on the Guadalajara-Puerto Vallarta free federal highway. The sinkhole is located beneath the asphalt at kilometer 103 of Federal Highway 70, in the section corresponding to the municipality of Mascota. The cavity was…
  • puerto vallarta lettersPuerto Vallarta Springs to Life with a Festive November Lineup As the gentle embrace of autumn settles over Puerto Vallarta, the city blossoms with a vibrant array of events that promise visitors an unforgettable experience. From culinary delights to athletic feats, cultural celebrations to art exhibitions, November in Puerto Vallarta is a tapestry of entertainment and tradition. A Grand Welcome by the Monumental Catrina Kicking…
  • Puerto Vallarta Shines with Four Wins at the 2024 Travvy AwardsPuerto Vallarta Shines with Four Wins at the 2024 Travvy Awards Puerto Vallarta, Mexico — The vibrant coastal city of Puerto Vallarta is celebrating a sweep of accolades after securing four prestigious awards at the 2024 Travvy Awards. The destination clinched one silver and three bronze awards across multiple categories, underscoring its position as a premier travel locale in Mexico and beyond. Presented annually by TravelPulse…
  • pesoMexican Peso Gains Slightly But Still Trading Above 20 Dollars At Start of the Week Puerto Vallarta, Mexico - At the start of today's session, the Mexican peso recovered part of the losses it suffered against the U.S. dollar last week. After closing on Friday at 20.26 pesos per dollar, the exchange rate improved to 20.11 pesos per dollar by 7:20 a.m. Mexico City time, marking an appreciation of 0.77%,…
  • Puerto-Vallarta-will-receive-18-cruise-ships-during-NovemberPuerto Vallarta Set to Welcome 18 Cruise Ships in November, Marking Start of High Season Puerto Vallarta is gearing up for a bustling month as it prepares to receive 18 cruise ships throughout November, according to the schedule released by the Administration of the Puerto Vallarta National Port System (Asipona). The arrivals kick off today, signaling the beginning of the high season for maritime visitors. Particularly busy days include November…
  • peso exchangeMexican Peso Opens Lower After a Day of Gains, Trading Above 20.00 Dollars The Mexican peso lost ground against the US dollar today, once again breaching the psychological barrier of 20.00 units per dollar. The depreciation comes amid a strengthening US dollar and renewed market uncertainty following the recent U.S. presidential election. As of 7:30 AM Mexico City time, the exchange rate rose to 20.02 pesos per dollar,…
  • puerto vallarta police bribeTourists Capture Puerto Vallarta Traffic Officer Requesting Bribe on Video Puerto Vallarta, Mexico — To the surprise of absolutely no one who has been stopped by police in Puerto Vallarta, a video recently recorded by tourists has surfaced, showing a traffic officer allegedly requesting a bribe to waive a supposed traffic fine. The incident has sparked widespread concern and debate over corruption within the city's…

Business & Economy News

Latest news published on PVDN about business and the economy in Puerto Vallarta, and throughout Mexico

Business and economy news on PVDN covers stories and events related to finance, industry, and commerce in Puerto Vallarta and nationally. This can include coverage of stock markets, economic indicators, and company earnings reports, as well as updates on mergers and acquisitions, new business ventures, and industry trends. Business and economy news may also cover issues related to labor, such as employment rates and wage growth, as well as government policies and regulations that impact the business world. This type of news is important because it provides insight into the financial health of companies and industries, as well as how the economy as a whole is performing. It can also help investors and business owners make informed decisions about their investments and operations, as well as provide valuable information for individuals looking to manage their personal finances.

Five businesses in Puerto Vallarta closed for violating COVID-19 regulations

During the first weekend in which the Emergency Button was applied in Puerto Vallarta, at least 5 establishments were closed for failing to comply with...
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New shutdowns could wipe out hundreds of restaurants in Puerto Vallarta

A new economic shutdown would lead to the permanent closure of some 300 restaurants in Puerto Vallarta, according to Sergio Jaime Santos, president of the...
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Mexico unveils private-backed $14 billion investment plan to lift ailing economy

Mexico’s government presented an almost $14 billion infrastructure investment plan on Monday as President Andres Manuel Lopez Obrador seeks to repair rocky relations with business...
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Mexico adds 608,000 jobs in August, unemployment 5.2%

Mexico’s unemployment rate was 5.2% in August, official data showed on Monday, the first time the figure has been published in five months after the...
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Mexico inflation near 15-month high ahead of rates decision

Mexican inflation was close to a 15-month high during the first half of September, authorities said on Thursday, feeding speculation that the central bank will...
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Volkswagen drops Mexico City dealership that displayed Nazi poster

German carmaker Volkswagen (VOWG_p.DE) said late Monday it had severed ties with a distributor in Mexico City after a Twitter user posted photographs taken at...
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Mexico’s factories still reeling from coronavirus

Mexico’s factories were still hurting in August from the coronavirus pandemic, with production falling and firms cutting workers, though the pace of deterioration in business...
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Government claims reopening economy in Puerto Vallarta didn’t cause spike in COVID-19 cases

Without reopening the nightlife and with hotels at 30% of their capacity, Puerto Vallarta reactivated tourism on June 16. In response, the governor and the...
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Mexican economy shrinks record 17.3% in April

Mexico’s economy posted a record contraction in April, official data showed on Friday, as the effects of the coronavirus lockdown devastated economic activity, particularly in...
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Mexico risks losing investment grade credit rating

Mexico is facing its deepest recession in decades and prominent investors believe it could soon follow state oil company Pemex in seeing its credit rating...
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Mexico's Economy

Challenges and Opportunities in Mexico's Diversified Economy

Mexico is a country with a large and diversified economy, and is one of the largest economies in Latin America. Its economy is characterized by a mix of traditional industries such as agriculture, mining, and manufacturing, as well as modern service sectors such as finance, telecommunications, and technology.

In recent years, Mexico has implemented significant economic reforms aimed at increasing competitiveness and attracting foreign investment. These reforms have included privatization of state-owned companies, liberalization of trade and investment policies, and improvements in education and infrastructure. As a result, Mexico has become an increasingly attractive destination for foreign investors, particularly in sectors such as automotive manufacturing and aerospace.

Despite these reforms, Mexico’s economy faces several challenges, including income inequality, corruption, and the impact of the COVID-19 pandemic. Mexico has one of the highest levels of income inequality in the world, with a significant portion of the population living in poverty. Corruption remains a major challenge in the country, with some estimates suggesting that it may cost the Mexican economy as much as 10% of its GDP.

The COVID-19 pandemic has also had a significant impact on Mexico’s economy, with the country experiencing a sharp contraction in GDP in 2020. However, the government has implemented various measures to support the economy, including fiscal stimulus packages and monetary policy measures aimed at increasing liquidity and supporting businesses.

Mexico’s economy is closely linked to that of the United States, with the two countries sharing a close economic relationship due to their proximity and strong trade ties. The United States is Mexico’s largest trading partner, and a significant portion of Mexico’s economy is dependent on exports to the United States. The recent renegotiation of the North American Free Trade Agreement (NAFTA), now known as the United States-Mexico-Canada Agreement (USMCA), has further strengthened this economic relationship and provided greater stability for investors.

In conclusion, Mexico’s economy is characterized by a mix of traditional and modern industries, and has undergone significant reforms aimed at increasing competitiveness and attracting foreign investment. While the country faces several challenges, including income inequality and corruption, it has a strong economic relationship with the United States and has taken significant measures to support the economy in the face of the COVID-19 pandemic. With continued efforts to address these challenges and build on its economic strengths, Mexico has the potential to continue to grow and develop in the years to come.