Tag

Economy

Mexican Peso Continues to Lose Value Since Elections

Puerto Vallarta, Mexico — The Mexican peso is experiencing slight depreciation this Wednesday morning, reversing part of the gains observed yesterday. The session is expected...
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Mexico’s Inflation Rises Again in May, Poses Challenges for Banxico’s Rate Decision

Puerto Vallarta, Mexico - In May, Mexico's general inflation saw another increase, albeit less than anticipated, complicating the Bank of Mexico's (Banxico) efforts to reduce...
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Mexico Sets New Record in Exports to the United States in April

Puerto Vallarta, Mexico – Mexico broke a record in its exports of products to the United States in April and achieved a significant milestone in...
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Violence in Mexico Cost the Country $245 Billion Dollars in 2023, or 19.8% of GDP

Puerto Vallarta, Mexico - Violence in Mexico continues to exact a heavy toll on the nation's economy, with estimated costs reaching a staggering 4.9 trillion...
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Increase in Extortion Attempts Rattles Puerto Vallarta’s Business Sector

Puerto Vallarta, Mexico - In recent weeks, Puerto Vallarta's business community has been shaken by a surge in extortion attempts, with between 12 and 16...
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Price of Gasoline in Puerto Vallarta is the Most Expensive in Mexico

Puerto Vallarta, Mexico - During the weekly update of the Federal Consumer Prosecutor's Office (Profeco) on Monday, April 15, David Aguilar, the head of the...
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Nearshoring in Mexico Does Not Meet Economic Expectations

Puerto Vallarta, Mexico - The World Bank has adjusted its growth forecast for Mexico, downgrading it to 2.3% from the 2.6% previously estimated in January....
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Mexico Surpasses China as Top US Trading Partner in First Two Months of 2024

Puerto Vallarta, Mexico - In the initial stretch of the year, Mexico has fortified its standing as the principal trading ally of the United States,...
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Foreign tourists spent more than $2.9 billion in Mexico in January

Puerto Vallarta, Mexico – Mexico's allure as a top destination for international travelers continues to strengthen, as evidenced by the influx of visitors at the...
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Underperformance and Customer Service Woes at Mexico’s New Government-Owned Airline

Puerto Vallarta, Mexico - In its inaugural month of January, Mexicana Airlines reported completing 160 flights, transporting 12,424 travelers, as detailed by the Federal Civil...
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Puerto Vallarta Businesses See Slowdown With Strong Peso Resulting in American Tourists Spending Less

Puerto Vallarta, Mexico - The onset of 2024 has ushered in a challenging period for the restaurant sector and various other businesses in Puerto Vallarta,...
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Foreign Investment Grows 2.2% in Mexico, Setting Record

In 2023, Mexico reported a modest increase in Foreign Direct Investment (FDI), achieving a growth of 2.2 percent to reach a total of $36.058 billion...
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