The Ministry of Finance informed that Mexico's rating in the agencies HR; Kroll Bond Rating and DBRS Morningstar was ratified above investment grade and that two of them confirmed the Negative outlook. According to a press release, the Mexican agency HR confirmed Mexico's rating at "BBB+" with a Negative outlook, three levels above investment...
MEXICAN ECONOMY
The restrictive measures to reduce COVID-19 contagions and an energy shortage in February will be reflected in zero growth for the Mexican economy in the first quarter of 2021, according to economic analysts. The National Institute of Statistics and Geography will publish next Friday the timely estimate of GDP during the first quarter, where...
Mexico's unemployment rate stood at 3.9% of the economically active population (EAP) in March 2021, down from 4.4% in February, but up from 2.9% in March 2020, the National Institute of Statistics and Geography (Inegi) reported Thursday.
Inflation in Mexico rose to 6.05% in the first fortnight of April in annual terms, the highest level since December 2017, the National Institute of Statistics and Geography (Inegi) published Thursday. The increase in prices over the previous fortnight was 0.06%, the largest biweekly rise since 2009. The increase was mainly due to the recovery of...
Mexico's economic activity slowed its decline during March 2021, due to the relaxation of the containment measures, especially in the services sector, according to the results of the new Timely Indicator of Economic Activity (IOAE, for its acronym in Spanish).
The ambitious stimulus plan for 1.9 trillion dollars approved in the United States (US) will also benefit Mexico with the increase of up to 1% of the Gross Domestic Product (GDP) thanks to a rise in exports or the increase in remittances, essential for millions of families.
Mexico began 2021 as the second-largest trading partner of the United States, since in January of this year it generated a total sum between imports and exports of 48.524 billion dollars, and a historical surplus of 9.557 billion dollars for the month of January, according to figures from the US Census Bureau.
Mexico is recovering employment, but it is doing so more and more slowly. The Latin American country closed 2020 with 2.3 million more employed people than in the third quarter, according to data published Monday by the National Institute of Statistics and Geography (Inegi).
During 2020, remittances to Mexico registered a record breaking the 40 billion dollars barrier, although in the case of those coming from the United States, they decreased from 29 states.
Mexico's public sector debt increased by 6.4% annually in 2020 while budget revenues fell by 4.1%, reported last Friday by the Ministry of Finance and Public Credit (SHCP).