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economy

IMF cuts Mexico’s GDP forecast to 2.1%
English22/01/2019

IMF cuts Mexico’s GDP forecast to 2.1%

The downward revision was due to a decrease in private investment and growing risks in global trade

Co-owner of Soriana found dead in Torreón
English19/01/2019

Co-owner of Soriana found dead in Torreón

Carlos Martín Bringas, co-owner of the supermarket chain Soriana, was found dead inside a car

Mexico prepares for National Tequila Day
English18/01/2019

Mexico prepares for National Tequila Day

Last year, the Mexican senate agreed that National Tequila Day would be celebrated every March

Public debt in Mexican states now rises to MXN$568 billion
English17/01/2019

Public debt in Mexican states now rises to MXN$568 billion

Mexico City, State of Mexico, Chihuahua, Nuevo León, Veracruz, and Coahuila showed the highest debt

Losses estimated at MXN$18 billion due to Mexico’s fuel shortage
English17/01/2019

Losses estimated at MXN$18 billion due to Mexico’s fuel shortage

The Mexican Employers Association claimed that the fight against fuel theft would yield good results

Tax reliefs take effect in northern Mexico
English17/01/2019

Tax reliefs take effect in northern Mexico

Mexicans will now be able to issue tax invoices with a value added tax (IVA) of merely 8%

Bank of America cuts Mexico’s GDP growth forecast to 1%
English16/01/2019

Bank of America cuts Mexico’s GDP growth forecast to 1%

“Mexico’s economy will slow down in 2019,” stated Carlos Capistrán, the firm’s chief economist

Farm losses surge in Mexico amidst fuel shortage
English16/01/2019

Farm losses surge in Mexico amidst fuel shortage

Mexico’s economy could contract in January due to a slowdown in activity caused by the fuel shortage

Mexican tuna industry will have to modify fishing methods
English15/01/2019

Mexican tuna industry will have to modify fishing methods

The United States won a legal battle against Mexico over “dolphin safe” tuna-labeling last week

Fuel thieves have laundered up to MXN $45,000 million
English15/01/2019

Fuel thieves have laundered up to MXN $45,000 million

Nieto explained that the modus operandi implied the commercialization of fuel stolen from Pemex and money laundering through different operations

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