-
Mexico Economic Update
Mexico’s economic momentum continues in second quarter
Mexico’s GDP grew an annualized 3.6 percent in the second quarter, a slight deceleration from the previous quarter’s growth of 4.1 percent, but above analysts’ expectations of 3.4 percent.
August 09, 2023
-
Emerging-market countries insulate themselves from Fed rate hikes
Earlier episodes of sizable Fed tightening preceded destabilizing currency devaluations in emerging markets, precipitating sovereign debt and banking crises in many of those economies.
August 08, 2023
-
Mexico seeks to solidify rank as top U.S. trade partner, push further past China
Mexico's emergence followed fractious U.S. relations with China, which had moved past Canada to claim the top trading spot in 2014. The dynamic changed in 2018 when the U.S. imposed tariffs on China’s goods and with subsequent pandemic-era supply-chain disruptions that altered international trade and investment flows worldwide.
July 11, 2023
-
Mexican IT services firm pitches ‘nearshoring’ as alternative to overseas ties
Softek chief executive Beni Lopez discusses the competitive challenges the firm faces in the North American market, where many of the world’s leading tech services firms are based, and the genesis of the company’s nearshoring strategy.
July 07, 2023
-
Mexico Economic Update
Mexico’s economic growth continues; outlook improves, inflation moderates further
Mexico’s proxy for monthly GDP grew an annualized 5.4 percent in April 2023, an acceleration from revised first-quarter growth of 4.1 percent.
June 28, 2023
-
Mexico Economic Update
Mexican economy picks up steam in first quarter
Mexico’s GDP grew at an annualized 4.5 percent in the first quarter, an acceleration from the previous quarter’s growth of 1.8 percent.
May 24, 2023
-
Mexico awaits ‘nearshoring’ shift as China boosts its direct investment
When it comes to trading goods with the United States, Mexico would appear a logical sourcing alternative to China. Before the pandemic, increasing friction between the U.S. and China—the top supplier of goods imports to the U.S. in 2019—contributed to an anticipated “nearshoring” shift among companies dependent on Asia.
April 14, 2023
-
Mexico Economic Update
Mexico’s economic growth continues, inflation moderates
Mexico’s proxy for monthly GDP growth averaged a 0.4 percent increase in the first two months of 2023. Nevertheless, the economy is expected to slow considerably this year because tight monetary conditions will likely weaken domestic demand and slower U.S. growth will affect Mexican manufacturing exports.
April 04, 2023
-
Mexico recovering from pandemic slowdown; structural issues persist
Daniel Chiquiar, professor of economics at Instituto Tecnológico Autónomo de México (Autonomous Technological Institute of Mexico) and former chief economist of Mexico’s central bank, Banco de México, discusses the country’s recent economic performance and the challenges it faces in 2023.
March 10, 2023
-
Mexico Economic Update
Mexico’s economic growth slows in fourth quarter; outlook weakens
Mexico’s fourth-quarter GDP growth was slower than earlier in 2022, indicating that the Mexican economy was losing momentum. Still, growth was slightly faster than expected as GDP rose an annualized 1.6 percent compared with median expectations of 1.2 percent.
February 16, 2023