Puerto Vallarta News

Puerto Vallarta News

Mexico Economy Shows Signs of Strengthening; Peso Could Rise

There are clear signs the Mexican economy is improving and that the peso could appreciate in the future thanks to the country's solid economic fundamentals, Banco de Mexico governor Agustin Carstens said on Tuesday.

Mexico's economy has picked up after a weak start to the year and is expected to grow between 2.0 and 2.8 percent in 2014.

Speaking to lawmakers in Mexico's lower house of congress, Carstens said the improvement of the economy "is consolidating."

"In the last two or three months, we've seen much clearer signs of a recovery," he said. "We . . .

Read Full Story

Related Posts

Mexican New Year rituals

Mexican New Year rituals that set the tone for 2026

From grapes and colored underwear to suitcases and lentils, these Mexican New Year rituals are...
Day of the Innocents

Day of the Innocents 2025: Meaning and date in Mexico

Day of the Innocents lands on Dec. 28, 2025. It began as a Catholic remembrance...
Mahahual palapa fire

Mahahual palapa fire leaves Costa Maya businesses reeling

Suspected arson in Mahahual destroyed about 250 beach palapas before dawn. A man was arrested...
Cancún taxi fares

Cancún taxi fares spike as some rides hit 500 pesos

Cancún taxi fares are drawing fresh complaints as locals report holiday surcharges, short trips priced...