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

Punta Mita residents say government is ignoring dispute over beach development

Punta Mita residents say government is ignoring dispute over beach development

Punta Mita residents say authorities have failed to address beach access and environmental concerns at...

Puerto Vallarta Tourism Slows After February

Business leaders report fewer visitors, lower service sales and weaker air traffic in Puerto Vallarta...
Mérida’s Growth Is Testing Water, Power, and Roads

Mérida’s Growth Is Testing Water, Power, and Roads

Mérida’s growth debate is about more than housing. Water, power, roads, buses, hospitals and police...
How Cancún Sargassum Reports Can Mislead Beachgoers

How Cancún Sargassum Reports Can Mislead Beachgoers

Cancún sargassum reports show conditions can change beach by beach, so checking the semáforo before...