Mexico

• Mexico Economic Update

  Mexico’s economic momentum continues; outlook improves

  Mexico’s real GDP grew at a revised annualized 3.4 percent in the second quarter, about the same as the previous quarter’s gains of 3.3 percent. This is the seventh consecutive quarter the Mexican economy has expanded, and growth is generally surprising to the upside.

  November 27, 2023

• Strong U.S. labor market drives record remittances to Mexico

  Remittances from the U.S. to Mexico reached a record $55.9 billion in 2022. Strong employment in the U.S. construction sector—a leading employer of Mexican migrants—best explains the recent growth of remittances to Mexico.

  October 20, 2023

• Mexico Economic Update

  Mexico’s economic momentum continues; outlook improves

  Mexico’s real GDP grew at a revised annualized 3.4 percent in the second quarter, about the same as the previous quarter’s gains of 3.3 percent. This is the seventh consecutive quarter the Mexican economy has expanded, and growth is generally surprising to the upside.

  October 12, 2023

• Mexican peso strength noteworthy among emerging markets during Fed tightening

  Many emerging-market currencies have depreciated modestly during the Federal Reserve’s tightening cycle that began in March 2022. The Mexican peso, however, outperformed the group during the period.

  September 26, 2023

• Mexico Economic Update

  Mexico’s economic momentum continues in second quarter

  Mexico’s GDP grew an annualized 3.6 percent in the second quarter, a slight deceleration from the previous quarter’s growth of 4.1 percent, but above analysts’ expectations of 3.4 percent.

  August 09, 2023

• Emerging-market countries insulate themselves from Fed rate hikes

  Earlier episodes of sizable Fed tightening preceded destabilizing currency devaluations in emerging markets, precipitating sovereign debt and banking crises in many of those economies.

  August 08, 2023

• Mexico seeks to solidify rank as top U.S. trade partner, push further past China

  Mexico's emergence followed fractious U.S. relations with China, which had moved past Canada to claim the top trading spot in 2014. The dynamic changed in 2018 when the U.S. imposed tariffs on China’s goods and with subsequent pandemic-era supply-chain disruptions that altered international trade and investment flows worldwide.

  July 11, 2023

• Mexican IT services firm pitches ‘nearshoring’ as alternative to overseas ties

  Softek chief executive Beni Lopez discusses the competitive challenges the firm faces in the North American market, where many of the world’s leading tech services firms are based, and the genesis of the company’s nearshoring strategy.

  July 07, 2023

• Mexico Economic Update

  Mexico’s economic growth continues; outlook improves, inflation moderates further

  Mexico’s proxy for monthly GDP grew an annualized 5.4 percent in April 2023, an acceleration from revised first-quarter growth of 4.1 percent.

  June 28, 2023

• Mexico Economic Update

  Mexican economy picks up steam in first quarter

  Mexico’s GDP grew at an annualized 4.5 percent in the first quarter, an acceleration from the previous quarter’s growth of 1.8 percent.

  May 24, 2023