Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

Mexico’s economy grew by 3% in 2022

The Mexican economy is growing despite a bleak environment of geopolitical conflicts and inflation. The Gross Domestic Product (GDP) of Mexico registered a growth of 3% in 2022 compared to the level reached the previous year, according to figures from the National Institute of Statistics and Geography (Inegi), which indicates a recovery after the global drop in growth due to the covid-19 pandemic since 2020.

By sectors, industrial activities were the ones that grew the most in 2022, with an annual increase of 3.2%, while agricultural work registered a growth of 2.8%. The service . . .

Read Full Story

Related Posts

mexico city sinking

Mexico’s Debt Warning Puts Investment Grade at Risk

Mexico faces pressure to curb public debt, lower its fiscal deficit and manage Pemex and...
ensenada airport

Mexican Airlines May Cut Routes as Fuel Costs Rise

Rising jet fuel costs are putting pressure on Mexican airlines, with travelers facing higher fares,...
Cancún Restaurants Lose Sales After Major Blackout

Cancún Restaurants Lose Sales After Major Blackout

Cancún restaurants reported lost sales after a regional blackout sent diners home and disrupted parts...
Why Mexico’s Economy Still Runs Through the U.S.

Why Mexico’s Economy Still Runs Through the U.S.

Mexico depends on the U.S. because trade, factories, investment and supply chains are built around...