Mexico’s consumer confidence has been on the rise and there are tentative signs of economic recovery.
But the optimism has yet to percolate through the economy. Banks’ bad debts are at their highest level in a decade and up a staggering 41 per cent in a year. Read more
Investors’ attitudes towards Mexico have become unmistakably upbeat over the past year.
For proof, look no further than the latest Dealogic review of fundraising and dealmaking activities in Latin America. In the first three months of this year, Mexico has led the pack for both share sales and mergers and acquisitions – taking the crowns that previously belonged to Brazil. Read more
At about 38 per cent of gross domestic product, the total debt of Mexico’s federal government is doubtless a thing of envy for most industrialised countries. But what about Mexico’s states and municipalities?
This week, Luis Videgaray, the new finance minister, said that the government would send a bill to congress as early as next month that aimed to limit the amount of debt municipalities could take on. Read more