Puerto Vallarta News

Puerto Vallarta 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

Puerto Vallarta hosts 10th International Reading Fair

Puerto Vallarta hosts 10th International Reading Fair

Puerto Vallarta hosts the 10th International Reading Fair Jan 22–Feb 2 at Plaza de Armas...
charros puerto vallarta

Puerto Vallarta hosts International Charro Championship

From Jan 29 to Feb 1, Puerto Vallarta hosts the International Charro Championship, with top...
Red and Yellow Flags Fly on Puerto Vallarta Beaches

Red and Yellow Flags Fly on Puerto Vallarta Beaches

Puerto Vallarta lifeguards kept a red flag at the Pitillal River mouth over possible harmful...
Guanajuato boosts security after Salamanca field attack

Guanajuato boosts security after Salamanca field attack

Guanajuato reinforced patrols in Salamanca after gunmen killed 11 at a Loma de Flores soccer...