Mexico is a country that offers many possibilities to technological startups, especially those that focus on the financial sector. The word “paradise” would be an exaggeration, because everything has its pros and cons. But we could say that it is a place that stands out positively within the Latin American context. The country has a […]
Querétaro registers 5.7% growth in industrial activity
Querétaro reports the third highest expansion in the Bajío, only surpassed by SLP and Aguascalientes As of September 2023, the state of Querétaro had a growth of 5.7% compared to the same month but in 2022, according to the monthly indicator of industrial activity by state. The secondary activity placed the entity in the third […]
Mexico, next world power? Slim’s ‘recipe’ for the economy to grow 6%
Slim, one of the richest men in the world, stressed that Mexico has to seek a better integration with the US and Canada. The outlook for Mexico’s economic growth looks promising and from the perspective of Carlos Slim, president of the Telmex foundation, GDP could grow up to 6 percent within a few years. “Work […]
In Jalisco, you need to earn between 20 to 30 thousand pesos
In Jalisco, you need to earn between 20 to 30 thousand pesos to have a quality of life; 47% earn a minimum wage of 7,500 pesos Nationally, it is said that people who earn a minimum wage in Mexico, which is 47 percent of the population, can buy 24 products from the basic basket in […]
Mexico dethrones China after 16 years of dominance in exports to the US
Mexico became for the first time the largest exporter of products to the United States in 2023, after 16 years of China’s dominance in that position. With the accumulated data until November that the Census Bureau released on Tuesday, Mexico trendily secured the first position of that indicator. In the first 11 months of 2023, […]
November, one of the months with the most drops in sending remittances to Mexico
A couple of days ago, the Bank of Mexico (Banxico) released the data on remittances that arrived in Mexico during November 2023, which showed a decrease compared to those registered in October. When reviewing the data from the central bank, in the penultimate month of the year there is usually a lower sending of remittances […]
Guerrero, Tabasco and Durango lose 4.9 thousand jobs
The behavior of formal employment last year was not as favorable as expected. Of the 32 entities in the country, Guerrero, Tabasco and Durango reported a loss of 4.9 thousand jobs, according to the number of positions assigned to the IMSS. Guerrero registered the largest contraction in its workforce, with an annual drop of 1.7% […]
Why remittances to Mexico slowed down and what would be their impact on the economy
After the monthly decline of 4.7%, analysts consider that it was a matter of time for the soft landing of the US economy to be reflected in the shipments made by the countrymen From April to October 2023, remittances to Mexico exceeded the figure of 5 billion dollars (mdd) monthly, however, that streak was interrupted […]
We start 2024 with a gasoline price hike up to $29.99 in some areas of Mexico
According to the Mexican Ministry of Finance and Public Credit (SHCP), during the first week of January, from January 1 to 5, there are no fiscal stimuli for magna, premium or diesel gasoline. So, what will be the price of gasoline in these first days of 2024? Hold on, first we tell you how much […]
Mexico issues 7.5 billion dollars in debt and becomes the largest global issuer among its peers
The Ministry of Finance confirms that the country is now “the largest sovereign issuer with a BBB rating globally” The Ministry of Finance and Public Credit (SHCP) of Mexico announced on Tuesday night that it made its “largest debt placement in recent history” in international markets. The country placed 7.5 billion dollars in sovereign bonds […]