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
Mexico Economic Update
Mexican economy sends mixed signals toward year-end
Mexico’s proxy for monthly GDP dipped 0.1 percent in November after rising for four straight months. The possibility of a U.S. recession, inflationary pressures, weak investment and monetary tightening are headwinds for the Mexican economy going into next year.
December 27, 2022
Mexico Economic Update
Mexico’s economy grows for fourth straight quarter; outlook improves
Mexico’s GDP grew at an annualized 4.1 percent in third quarter 2022, an increase from the second quarter’s growth of 3.7 percent and above analysts’ expectations. Nevertheless, inflation and the looming risk of a U.S. recession remain headwinds for the Mexican economy.
November 23, 2022
Mexico Economic Update
Mexico’s economy slightly improves; outlook deteriorates
The possibility of a U.S. recession, inflationary pressures, weak investment and monetary tightening are headwinds for the Mexican economy.
October 06, 2022