Bank of America Global Research Carlos Capistran and Antonio Gabriel Key Takeaways -It’s unlikely. The increase in Mexican exports to the US has been more significant than the increase in Mexican imports from China. _ Mexico could be importing more from China because (1) it …
In a civilized country, campaign slogans translate into objectives, public policies, and government programs composed of specific projects duly budgeted and scheduled with clearly defined targets. Their results are measurable to evaluate if the particular objectives were accomplished. It does not happen in Mexico. One …
Image: Arie Wubben on Unsplash In a civilized country, campaign slogans translate into objectives, public policies, and government programs composed of specific projects duly budgeted and scheduled with clearly defined targets. Their results are measurable to evaluate if the particular objectives were accomplished. It does not happen in Mexico. One of AMLOโs main slogans was …
On Thursday, July 30, INEGI released the GDP data for Q2. It was not a surprise that the actual figure is much worse than we anticipated (-14%), as many early indicators show that unemployment, consumption, exports, public spending, tourism, oil revenues as well as IVA, …
The fall of the economy during the second quarter of the year was 18.7% a figure never seen before (in 1932 there were no quarterly measurements, but the yearly negative growth was 14%). There was no containment plan, so the blow went straight to businesses and homes. The former endured what they could, but they …
Photo by Michael Rogers at Unsplash Mexico on the Verge of the Perfect Storm ย ย ย ย Contrary to the official view, the worst is not over. As a matter of fact, it is about to begin. Springtime arrived, and with it, the effects of a lockdown caused by a tiny virus. Whole industries shut down, leaving …
Gerardo Esquivel vice-governor, Banxico This document available in Spanish so far, basically states that in the second quarter the Mexican economy fell between 19% and 20%. and forecasts that the third quarter will be better with a negative growth of between -8% to -12%, and …
