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Bank of Mexico Surprises With a Cut in Its Interest Rate
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The Bank of Mexico, Mexico's central bank, cuts interest rates by half a percentage point to 3% in June 2014. The consumer price index is at 3.4% for 12 months through mid-May, and the central bank sees the inflation target of 3% by early 2015 as achievable. The central bank's estimate for GDP growth in 2014 was lowered to 2.8% from 3.5%. GDP growth was annualized 1.1% for the 1st quarter of 2014. Mexico has failed to live up to the growth expectations after the new Nieto administration's efforts to jumpstart the economy and opening up of the state oil industry to foreign investment. The policy changes of the Nieto administration set the future course of the economy and will take time to deliver results in economic growth. More effective administration and execution is needed for economic growth.
Bank of Mexico
06/07/2014
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Bank of Mexico Surprises With a Cut in Its Interest Rate
Wall Street Journal 06/07/2014
Mexico's Anti Trust Commission
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Bank of Mexico Surprises With a Cut in Its Interest Rate
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Latin American economies Peru, Chile, Colombia, Brazil, and Mexico as the commodities boom cycle fades in 2013-2015
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Commodities exports make up about one fifth of output in Peru and Chile. Slowdown in growth in China will affect exports of copper and other metals. Brazil's growth faces additional hurdles with low investment rates, poor infrastructure and other problems. This in turn affects companies ranging from beer producers to other companies depending on sales in the region.
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Latin America Boom Starts to Fade
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Mexico, China Seek to Jump-Start Trade
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The Pacto Por Mexico, Dec. 2, 2012- a landmark event for Mexico and its northern neighbors
08/15/2013
WSJ's Juan Montes interviews the important politicians of three major political parties who made the landmark event for Mexico happen on December 2, 2012- the Pacto por Mexico. Politicians from the three major political parties, the PAN, the PRD in the opposition and the PRI in government under president Nieto, show remarkable courage to sidestep old rivalries and differences. For PAN which faced PRI opposition on similar reform efforts, it was about foregetting revenge. For the PRD leader Zambrano who helped create a moderate left party, it was about forging a new beginning and making the initial overtures to the president. President Nieto and economist Videgaray deserve credit for grasping the significance of the PRD's proposal for the pact and working hard to make it a reality. Mexico now has the opportunity to become the most dynamic economy in the Americas after the U.S. From the pain of 15 years of stalled politics betwen the left, centre and right parties emerged a new consensus for the way forward. An exceptional piece of reporting by Montes on a landmark event for the Americas at a time when more children of Hispanic origin are born in the U.S. than of any other ethnic group- building a Mexico of opportunity and access and bridging a large part of the opportunity gap with its northern neighbors.
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How Mexico Ended Political Gridlock
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Health Battle Over Soda Flares in Mexico
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Mexico Girds for Education Standoff After Contentious Bill Passes
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Mexican President Announces Tax Overhaul
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President of Mexico Proposes Tax Overhaul
New York Times 09/08/2013
Energy Plans Derail Political Accord in Mexico
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Bank of Mexico's interest rate policy
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Bank of Mexico Surprises With a Cut in Its Interest Rate
Wall Street Journal 06/07/2014
Mexico is growing less pessimistic about Donald Trump
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The Mexico's Institute for Competitiveness- think tank focussed on improving competitiveness within the Mexican economy
05/27/2010
As much as an additional 2.5 percentage points of estimated growth could be generated in the Mexican economy by bringing competitive practices. This includes introducing competition and lowering prices in sectors ranging from telecom, transportation to banking. The most glaring example is the telecom monopoly in Mexico. Mexico's Competition Commission and the OECD study estimates about one third of Mexcan household purchases are made in monopolisic or oligopolistic sectors. Other areas for change to generate this additional growth are the oil sector, electricity, and labor laws. The Pact for Mexico signed by all of the major political parties is designed to make these changes after decades of slow GDP growth.
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Mexico’s economy: The cartel problem
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How Mexico Ended Political Gridlock
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Mexico's Big Cellular Problem: Carlos Slim
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New Rules to Reshape Telecom in Mexico
New York Times 03/07/2014
Bank of Mexico Surprises With a Cut in Its Interest Rate
Wall Street Journal 06/07/2014
Carlos Slim to Break Up Mexico's Leading Telecommunications Firm
Wall Street Journal 07/10/2014
Mexico and Brazil- emerging markets with different policies and economic prospects in 2013-2015
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Tide Reverses in Latin America
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How Emerging Markets Can Get Their Mojo Back
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Wall Street Journal 11/04/2013
U.S. Companies Are Still Rushing to Juárez
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Pierpaolo Barbieri and Niall Ferguson: Mexico's Economic Reform Breakout
Wall Street Journal 12/27/2013
Investors Flee Developing Countries
Wall Street Journal 01/24/2014
The precarious nature of some Mexicans entry into the middle class
01/28/2013
Mexico's middle class is growing. Yet many Mexicans not employed in the formal economy lack worker protections, health insurance, social security and have small savings. This means the loss of a job or some other economic mishap can quicky change things.
Grouped Articles
Health Battle Over Soda Flares in Mexico
Wall Street Journal 08/28/2013
In Middle of Mexico, a Middle Class Rises
New York Times 11/18/2013
Mexico Expects Modest Revival Now, Bigger Bang Later On
Wall Street Journal 05/07/2014
Bank of Mexico Surprises With a Cut in Its Interest Rate
Wall Street Journal 06/07/2014
An interview with Mexican President Enrique Peña Nieto - The Washington Post
Washington Post 09/30/2014
As Mexico claws toward prosperity, some in middle class slide back - The Washington Post
Washington Post 01/28/2013
The first year of the Pena Nieto administration in Mexico
02/22/2014
An administration with leading officials distracted by policy making, negotiations for the Pacto de Mexico, and failure to provide direction at key ministries leads to a slowdown in public spending and growth of only 1.1% for 2013.
Grouped Articles
Stalled Government Spending Chokes Mexico's Growth
Wall Street Journal 02/22/2014
Mexico Expects Modest Revival Now, Bigger Bang Later On
Wall Street Journal 05/07/2014
Bank of Mexico Surprises With a Cut in Its Interest Rate
Wall Street Journal 06/07/2014
Mexico President Turns to Cementing Overhauls
Wall Street Journal 08/15/2014
An interview with Mexican President Enrique Peña Nieto - The Washington Post
Washington Post 09/30/2014
Mexico’s States Gained Power and Money; Then Came Corruption
WSJ 03/13/2017
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