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 was displaced by China as the top trading partner of the United States in 2020, in a context in which the Chinese were affected by tariffs in the bilateral relationship and the Mexicans had a greater comparative impact due to the Covid-19 pandemic.
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).
Named after Tomás Masaryk, founder of the Republic of Czechoslovakia, the street is located in the exclusive neighborhood of Polanco and is already showing the ravages of the situation with "For Rent" signs on several stores that have closed permanently.
The recovery of the Mexican economy will require that external demand for goods and services be maintained at the current pace and that the demand for services, particularly tourism, returns, since this sector accounts for 77% of service exports.
At the end of 2020, the year-on-year inflation rate in Mexico was 3.15%, its lowest level in seven months and in line with the target set by the Bank of Mexico (3%+/- one percentage point).
The international reserves of the Bank of Mexico (Banxico) grew by 8.18% in 2020 to a total of USD 195,667 million despite the crisis of the covid-19, informed this Tuesday the central bank.
Due to the global pandemic, we are going through, caused by the coronavirus, many organizations have been forced to implement new strategies such as teleworking, so that workers can continue to perform their tasks from home. Mexico is one of the countries that has implemented the new modality of teleworking, which has also been joined by Chile,...
The Bank of Mexico (Banxico) reported that the monetary base (banknotes and coins in circulation and bank deposits in the current account at the Bank of Mexico) increased $5.879 billion pesos, reaching a balance of $1.92 trillion pesos.
The federal government's announcement on the delivery and advancement of economic transfers already scheduled for this year 2020 on the occasion of Covid-19 has brought to the discussion table (again) whether the establishment of a Universal Basic Income (UBI) would be a generalized solution that would allow the entire population to be protected,...