The Mexican Peso surged after strong US Nonfarm Payrolls data for September exceeded expectations. Despite an uptick in Mexico’s unemployment, the country’s Automobile Exports and Production saw increases in September. The US Unemployment Rate also edged lower, alleviating recession concerns. The Federal Reserve is anticipated to cut rates by 25 basis points in upcoming meetings. […]
How Much Do Illegal Immigrants Cost the U.S.?
The Cost of Illegal Immigration: A $150.7 Billion Burden on U.S. Taxpayers A recent surge in border crossings has highlighted a long-standing issue facing the United States, with President Joe Biden’s administration under scrutiny for its handling of immigration policies. According to a report by the Committee on the Judiciary and Subcommittee on Immigration Integrity, […]
Analysts warn of an economic recession in Mexico by 2025
The new president of Mexico and her economic cabinet will not have an easy time navigating the new federal administration, as the prospects for GDP by the end of 2025 are increasingly dim, and analysts even warn of an economic recession. The main internal factor is the management of public finances, because at the beginning […]
Yucatán: Leader in Job Creation and Economic Growth in Mexico
Yucatán stands out in job creation and economic growth, with more than 440,900 insured workers and a 64 percent salary increase since 2018. Yucatán shows significant economic growth, leading in formal job creation at the national level. Yucatán excels in formal job creation, economic growth above national levels, and the arrival of new investments over […]
Mexican Peso falls, weekly depreciation exceeds 1.30%
The Mexican Peso (MXN) has continued its downward trend against the US Dollar (USD), reaching a new peak of 19.74 on the USD/MXN exchange rate. Banxico, Mexico’s central bank, recently cut interest rates by 25 basis points (bps) to 10.50%, which is expected to weaken the peso further. The decision was made in response to […]
Publication of Fiscal Benefit Guidelines for Development Hubs in Yucatán
To receive fiscal benefits, such as up to 100% ISR exemption, taxpayers must obtain a certificate issued by the SHCP through the Tax Revenue Policy Unit, following a favorable opinion from the competent state authority. The Ministry of Finance and Public Credit (SHCP) has published the guidelines for fiscal benefits for companies investing in development […]
Mexico central bank cuts interest rate by 25 basis points as inflation cools
The Bank of Mexico reduced its benchmark interest rate by 25 basis points to 10.50% on Thursday, marking a second consecutive reduction as price pressures continue to ease in Latin America’s No. 2 economy. In an optimistic tone, the bank hinted at potential future cuts to the key borrowing rate. The decision was not unanimous […]
Mexico is diverging from North America — and Washington should be concerned
Twenty years ago, Presidents George H.W. Bush and Brian Mulroney made a risk-filled wager. The agreement they signed was the North American Free Trade Agreement (Nafta), which aimed to transform Mexico into a multi-party democracy with strong institutions and an economy similar to those of the US and Canada. The gamble paid off. Mexico became […]
Donald Trump calls for 100% tariffs on cars made in Mexico as part of US manufacturing plan
Former President Donald Trump has proposed a 100% tariff on cars imported from Mexico as part of his plan to boost American manufacturing. He wants German car companies to become American car companies and build their plants in the US. If implemented, this could cause significant upheaval in the auto industry, as many automakers currently […]
Mexico’s datacentre industry is booming – but are more drought and blackouts the price communities must pay?
In an unassuming building within an industrial park in central Mexico, vast rooms are filled with rows of servers adorned with blue lights, buzzing with activity and cooled by numerous small fans and large vents that blast air across the space. “Datacentres are the lungs of digital life,” says Amet Novillo, managing director of Equinix […]