If Mexico’s strong economic recovery since the 2009 recession has been about manufacturing and exports, the latest data suggest that from now on it is going to be about consumption.
That is the message from figures for the last three months of 2012, which show that growth between October and December was 0.8 per cent in seasonally adjusted terms compared with the previous three months (in the third quarter, the figure was just 0.4 per cent). Continue reading »
What to make of Mexico’s new labour law, which finally met with approval from the country’s Senate this week and is expected to be signed into law any day now?
Read some of the international coverage, and you might form the idea that the law is a watered-down initiative that fails to open up the dark and murky world of Mexico’s powerful unions. And you’d be right – sort of. Continue reading »
Has the global slowdown finally caught up with Mexico? Depends on who you ask.
The most recent figures from the finance ministry showed that third-quarter annual growth stood at 3.3 per cent, slower that the 4.1 per cent year-on-year increase of the second quarter and the 4.5 per cent in the first. Continue reading »
Mexico could conclude the year with economic growth of as much as 5 percent, Gerardo Rodríguez, the deputy finance minister said Monday.
Good news indeed. Most analysts had been forecasting 4 per cent at most, while the International Monetary Fund has pencilled in 3.9 per cent. But there were two “ifs” in the minister’s bold forecast. Continue reading »