Puerto Vallarta News

Puerto Vallarta News

Mexico’s economy grows 3.1 percent in 2022

Puerto Vallarta (PVDN) - Mexico's economy grew 3.1 percent during 2022, slightly better than the previously estimated 3.0 percent, according to revised Gross Domestic Product (GDP) data, published this Friday by the National Institute of Statistics and Geography (INEGI).

During the past year, Mexican activity faced an adverse outlook due to high inflation and the relocation of foreign companies to Mexico, which, according to analysts, could be a growth engine in the coming years.

The economy grew 0.5 percent in the fourth quarter, which, although it represented slight growth, showed signs of . . .

Read Full Story

Related Posts

Mexican Stocks Hit Record High as IPC Index Tops 67,500

Mexican Stocks Hit Record High as IPC Index Tops 67,500

Mexico’s IPC index closed at a record 67,500 points with a 0.49% gain, propelled by...
Carso's Lukoil buy makes Slim top private oil operator

Carso’s Lukoil buy makes Slim top private oil operator

Grupo Carso will buy Lukoil’s Mexico unit, taking full control of Ichalkil–Pokoch and assuming $330m...
GM cutting jobs mexico

GM Mexico cuts 1,900 Coahuila jobs as EV demand cools

GM ended a second shift at Ramos Arizpe, cutting about 1,900 jobs as North American...
Mexican peso appreciates

Mexican peso closes at 17.58 per dollar, best since mid-2024

The peso ended Monday at 17.58 per dollar, its strongest close since June 2024, as...