Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

Mexican economy grew around 3% last year, fueled by tourism

MEXICO CITY, Jan 17 (Reuters) - Mexico's economy expanded by about 3% in 2022, Finance Minister Rogelio Ramirez de la O said in a statement on Tuesday, as Latin America's No. 2 economy sought to recover lost ground from a pandemic-led slowdown.

Economic activity rebounded significantly last year, according to the statement, as tourism accounted for more activity, followed by automotive sector exports and then remittances from Mexican migrants living abroad.

The economy will continue to perform better than expected, as positive indicators in the labor market as well as slowing inflation contribute . . .

Read Full Story

Related Posts

Mexico heads for first GDP setback since late 2024

Mexico heads for first GDP setback since late 2024

Mexico’s economy is tracking toward its first quarterly contraction since late 2024 as services slow,...
Navy holds 22 tons of illegal seafood in Vallarta warehouse

Navy holds 22 tons of illegal seafood in Vallarta warehouse

Authorities held 22,584 kilos of seafood in a Vallarta warehouse after inspectors said sellers could...

Migration Shifts Are Reshaping Vallarta’s Economy

U.S. arrivals and returning Mexican nationals are reshaping housing, labor, and spending in Puerto Vallarta...
Flex ties $1 billion Mexico bet to AI data centers

Flex ties $1 billion Mexico bet to AI data centers

Flex will invest $1 billion in Mexico through 2028 to expand AI and data-center equipment...