Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

Nearshoring and Manufacturing Investment to Drive Mexico’s Economic Growth in 2023

Puerto Vallarta (PVDN) - According to Mexico's government's latest budget forecasts, the country's economy is expected to grow up to 3.0% in both 2023 and 2024, mainly due to increased manufacturing investment and cooling inflation.

The document shows that the ministry predicts the economy to expand between 2.2% and 3.0% this year and between 1.6% and 3.0% in 2024, indicating that the country is making a strong recovery from pandemic-induced losses.

The ministry also mentioned that the lower end of the range for 2023 has been adjusted . . .

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