In the third quarter of last year, Durango registered the country’s highest annual growth in economic activity, with a rate of 6.0%, according to the Quarterly Indicator of State Economic Activity (ITAEE) of the National Institute of Statistics and Geography (Inegi). During the first months of 2024, the state consolidated its economic development with the […]
Trump’s Inauguration Sparks Economic Uncertainty in Yucatan
The upcoming inauguration of Donald Trump as president of the United States has generated uncertainty in Yucatan, one of Mexico’s best-performing economies in recent years. In 2019, Yucatan’s economy grew by 1.6%, making it the sixth fastest-growing state economy in the country. However, the protectionist and immigration policies that the new US administration might implement […]
Dollar Exchange Rate in Yucatan: Thursday, January 16, 2025
On the morning of Thursday, January 16, 2025, the dollar exchange rate in Yucatan shows a slight variation compared to previous indicators, reflecting the closing rates from recent hours. The exchange rate is not static and fluctuates constantly due to a complex interplay of economic, political, and geopolitical factors. Dollar Exchange Rate at Banco Azteca […]
De-Dollarization: 12 Countries Officially Abandon the US Dollar
The de-dollarization movement is accelerating as 12 countries have collectively decided to abandon the US dollar for trade. These nations are now using local currencies for cross-border transactions, aiming to reduce their reliance on the US dollar. This shift indicates that emerging economies are eager to strengthen their local currencies and boost their presence in […]
Exchange rate: price of the Canadian dollar in Mexico today, January 15
The Mexican currency is one of the 10 most traded currencies in the international currency market, the most traded in Latin America and the third in the entire continent. Its cost is of great importance at the national and regional level, since the country is characterized by being one of the main commercial partners of […]
Amazon’s $5 Billion Investment in Mexico to Create Over 7,000 Jobs in Querétaro
Amazon is set to invest $5 billion in Querétaro, establishing a digital region that will generate more than 7,000 jobs annually, according to Secretary of Economy Marcelo Ebrard. During the “Las mañaneras del pueblo” conference, Ebrard emphasized the significance of this investment for the state, the country, and the entire continent. The project involves the […]
Funds in Mexico make biggest gains of a decade: assets grow 25% last year
Investment funds in Mexico had a “round year” in 2024, recording their largest growth of the decade in assets under management, both in terms of percentage and absolute variation in resources. According to statistics published on the website of the Mexican Association of Stock Market Intermediaries (AMIB), the total assets of Mexican funds closed last […]
Mexico presents a plan to become the world’s tenth largest economy despite Trump
President Claudia Sheinbaum launched the ‘Mexico Plan’ on Monday, a strategy together with the private sector to make the Mexican economy reach the top 10 worldwide and achieve at least 277 billion dollars of investments despite the measures of the next Donald Trump government in the United States. “These are ambitious goals, for example, going […]
10 Political risks that darken Mexico’s economic outlook in 2025: Integralia
This week, the consulting firm Integralia released an analysis of 10 political risks for 2025, which highlights a challenging outlook for Mexico, characterized by the concentration of power, legal uncertainty, and external factors that could alter the country’s economic and social stability. The report warns of the possible impacts that these risks will have on […]
Cozumel to Receive Tax Incentives by End of January
The decree for tax incentives on the island of Cozumel, announced by Governor Mara Lezama at the end of 2024, is expected to be ready and published by the end of January. This initiative aims to boost the island’s economic development, providing direct benefits to families and businesses. Governor Lezama explained that the process is […]