In a bid to break free from the dominance of the US dollar, several countries are embracing de-dollarization – a strategy aimed at reducing their reliance on the world’s reserve currency and promoting economic self-sufficiency. The push for de-dollarization has gained momentum in recent years, with nations seeking to diversify their currency reserves and engage […]

BBVA Mexico has warned that mass deportation measures proposed by Donald Trump could lead to a recession and increased inflation in the United States. However, the institution also noted that it is unlikely Trump will implement such large-scale deportations. Economic Impact Carlos Serrano, BBVA Mexico’s chief economist, stated that the probability of these measures being […]

The United States is on the cusp of financial catastrophe as its national debt has reached an astonishing $36 trillion, with a staggering $2 trillion increase in just one year. This mounting debt poses a significant obstacle to President Donald Trump’s ambitious policy goals and threatens to stifle economic growth. According to recent data, America’s […]

The National Institute of Statistics and Geography (INEGI) has reported that Mérida is among the top five cities in Mexico experiencing the highest inflation in basic products. As of the first week of November, the cost of essential items in Mérida has increased by up to 26% in 2024, significantly impacting local consumers. Key Price […]

In a significant shift away from the long-standing dominance of the US dollar, a growing number of countries are actively working to reduce their reliance on the world’s primary reserve currency. This movement, known as de-dollarization, aims to establish alternative global financial and technical systems, empowering nations to break free from the dollar’s stronghold in […]

As of November 21, 2024, the Canadian Dollar (CAD) has maintained a stable exchange rate against the United States Dollar (USD), with both buying and selling rates standing at $1.40. This rate is based on open market dynamics, which can fluctuate in response to global demand and supply. It’s essential to note that currency exchange […]

The Bank of Mexico, also known as Banxico, has taken another step towards reducing its benchmark interest rate. The five-member governing board voted unanimously to lower the key rate by 25 basis points, bringing it down to 10.25%. This move is seen as a positive sign that core inflation is on the decline and could […]

Mexico is facing an economic storm, triggered by a credit downgrade, a judiciary overhaul, and a furious president. The situation began when President Claudia Sheinbaum accused ratings agencies of having a “bias of origin” against the economic policies her party adopted under former President Andres Manuel Lopez Obrador. Moody’s ratings service downgraded Mexico’s government debt […]

The Mexican government plans to provide 136 billion pesos ($6.69 billion) to the state-owned oil producer Pemex next year to help it pay off its debts and loans, according to a recent budget proposal released on Friday. Pemex has significant financial liabilities totaling nearly $97.3 billion, with approximately $9 billion in bond payments due next […]

Yucatan is one of the five states in Mexico with the highest cost for the basic basket of goods, with prices increasing by 4.56%. The National Alliance of Small Merchants (Anpec) reported that Yucatan is among the states where the prices of the basic basket have risen the most. With an inflation rate of 4.76%, […]