Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

economy

‘A new Mexican miracle’ has transpired in recent years, the economy

Mexico has in recent years become a transformed nation with a burgeoning middle class, and little poverty according to world standards, says the Dallas Morning News.

It is no less than what could be called "a new Mexican miracle," which developed slowly and almost imperceptibly in recent years, said Richard Parker, a columnist for the publication.

He underlines that chronic unemployment has fallen back to 3.2 percent, "in a nation that once produced more babies than jobs every year" and while underemployment remains a stubborn thorn, the revenues have increased.

The average Mexican household earns about $13,000 dollars . . .

Read Full Story

Related Posts

Three Women Found Dead in Puerto Vallarta Since May 10

Three Women Found Dead in Puerto Vallarta Since May 10

A woman was found dead near Mojoneras, marking the third female body reported in Puerto...
CUCosta Adds Security After Campus Shooting Threats

CUCosta Adds Security After Campus Shooting Threats

CUCosta reinforced surveillance after threatening messages named May 21, while academic and administrative work continued...
Pressure continues to shut down Punta de Mita development

Why Nayarit Is Pursuing the Punta de Mita Protesters

Four Punta de Mita protesters face arrest warrants after opposing work tied to a luxury...
Puerto Vallarta Morning Briefing March 6 Daily Update

Puerto Vallarta Sets 108th Anniversary Weekend Plans

Puerto Vallarta’s 108th anniversary program runs May 29–31 with civic acts, performances, fireworks and public...