Robust Mexican consumer emerges as a bright spot in weak economy

Not all is rosy for Mexico's economy as it deals with a two-decade annual inflation high and sluggish economic growth, but consumption levels have now reached pre-pandemic levels in Latin America's second-largest economy.

Spending has increased as Mexicans living abroad sent a record $12.5 billion in remittances home during the first quarter, tourism picked up, pandemic-restrictions and infections eased, while the job market remained strong.

As a result, vendors big and small have been reaping the benefits.

Alicia Doreintes Gerardo, who manages a fruit stand in . . .

This independent news site is supported by subscribers.