However, the medium and long term are full of challenges, such as underemployment, poverty and inequality, raises Juan Carlos Moreno-Brid, deputy director of Cepal (ECLAC) in our country. Mexico City • Although gross domestic product of Mexico is expected to see a growth of 3 percent for 2012, the economy and the country has many tools that account for its stability,

Even after getting a downgrade today and thus losing the AAA rating from S&P , French companies will continue with expansion plans in Mexico. Nationally, France has over 400 companies with investments of 13 billion euros, which generate 90,000 jobs, with sales amounted of One Billion euros, said the French Minister of Economy, Pierre Lellouche.

‘Mexico’s disciplined economic policies, improved external liquidity position as well as modest fiscal and external imbalances place the country in a good position to withstand the volatile international financial environment,’ said Shelly Shetty, Head of Fitch’s Latin America Sovereigns Group. External resilience will be supported by a stronger international reserves position than pre-crisis levels as well as access to the sizeable IMF’s Flexible Credit Line. read more

Today the Bank of Mexico (Banco De Mexico) reported that international reserves ended the year with gains of unprecedented levels. The international reserves ended the year with a total balance of 140 Billion.

Mexico City .- In 2011, e-commerce will exceed 47 billion pesos, representing 28% more than in 2010 said Maurice Braverman , president of the Mexican Internet Association (AMIPCI) .

Cannes .- While at the international G-20 forum witch brings together important industrialized and developing economies to discuss key issues in the global economy , President Felipe Calderón also took the time and met with the B-20 ( B20: expresses the views of the international business community and develops recommendations) and said currency manipulation has caused an “enormous imbalances” in trade amongst world economies, which is also a source of global crisis. While participating in [...]

Former Brazilian President Luiz Inacio Lula da Silva proposed the formation of a joint venture between Petroleos Mexicanos (Pemex) and Petroleo Brasileiro (Petrobras) in order to create a third company that would  jointly exploit other markets and make investments in new technology.

The director of the World Bank (WB) for Mexico and Colombia, Gloria Grandolini said “The Mexican economy is flexible enough to manage the risks associated with the debt crisis in Europe and slower growth in the United States”.

The idea of ​​creating an agricultural commodity exchange in Mexico is not new and for a couple of decades the topic has been on the table , but now and possibly within a year Mexico could have a farmers’ market (Agricultural Commodity Exchange), in addition to providing greater transparency, it would be a source of learning and opportunities for agricultural producers in the country.

MEXICO CITY (21/OCT/2011) .- The unemployment rate nationally stood at 5.68% in September of the Economically Active Population (PEA), similar to the rate recorded in the same month of 2010, 5.7% of the PEA, which represents about 2.7 million people.

The country advanced it’s  business-friendly ranking of the World Bank to # 54, because of  it’s regulation and transparency reforms has put it in a better position than Russia, India and China. “This year, Mexico has implemented three new reforms in business regulations, maintaining its lead over the BRIC countries, including Russia, India and China,” said the World Bank.

The deterioration in the expectations of growth and the favorable inflation performance open the possibility of a rate reduction Although this Friday the Bank of Mexico decided to maintain the level of 4.5% interest rate target in its statement the central bank acknowledged it might make “appropriate relaxation of Monetary policy “at new sign of any further deteriorating of growth prospects.

Despite the international economic crisis, the production and export of new vehicles were able to grow in “record numbers” in the history of the Mexican automotive industry, to produce 1 million 905.659 cars from January to September this year, while 1 million 580.651 units were sold abroad.

Mexico City .-The strategic alliance between ProMéxico and Banco Santander hopes to  support companies wishing to internationalize their business and allow for greater investments in Mexico.

With 3.1 million customers, Mexico has the largest market for microfinance in Latin America and the Caribbean, followed by Peru with 2.2 million and Brazil with 1.9 million, according to the Multilateral Investment Fund (MIF).

Various financial institutions analysts agreed that after the crisis experienced by the markets in 2008 and the current financial environment dominated by global volatility has led to the transfer of economic power from developed countries to emerging economies. According to data from International Monetary Fund (IMF) and World Bank (WB), emerging markets will grow at a rate of 6% over the next two years , while advanced will do so in 2 percent.

The international reserves of Mexico reached a new record of 138. billion dollars , compared with an earlier peak of 137. billion recorded on September 30 said Banco de Mexico ( Mexico’s central Bank). The bank said the weekly increase in foreign reserves of $60 million was the result of change in the valuation of foreign assets and various operations conducted by the institution itself.

Mexico City .- Mexico’s international trade will grow about 70 percent by the end of 2025 and continue as an important trade route between Africa and North America, states a study from the “International Trade Forecast” (PCI) HSBC.

Remittances from Mexicans working abroad in August recorded a 9.21% increase over the same month of 2010.