MEXICO
Analysts
Mauricio González
Former Director of Economic Policy, Finance Ministry
Guillermo Valdes
Former Director, Center of Investigation & National SecurityDatabanks
Recent Country Insights
Economics: February indicators reveal further slowing of economic activity on a mix of domestic factors and external threats
MEXICO · Report · 03 Mar 2025 · 1 response
This week’s review of the news of the past month provides plenty of evidence of a further slowing of economic growth. Industrial activity contracted in December, and GDP growth sputtered to only half a percentage point in the fourth quarter, with services the only sector with relative growth that...
Politics: Amid a delicate balancing act, Sheinbaum moves against drug cartel kingpins
MEXICO · Report · 03 Mar 2025
Claudia Sheinbaum’s administration is confronting the thorny problem of drug trafficking on different fronts, in all cases with pressure from Donald Trump inevitably and constantly looming in the background. Domestically, the request by drug trafficker Mayo Zambada, illegally kidnapped from Mexic...
Economics: Even as core prices show little movement, inflation continues to trend lower but could reverse course in the medium term
MEXICO · Report · 25 Feb 2025
In January, inflation broke well over a full percentage point below readings of a year prior. This is the latest sign of a clear downward trend that has largely been the result of the deceleration of non-core inflation’s agricultural products component, which has registered significant decreases....
Politics: Corruption in Morena and the 4T
MEXICO · Report · 24 Feb 2025
Despite the fight against corruption's being the central plank of Morena and the Fourth Transformation, as well as the center of Andres Manuel Lopez Obrador’s narrative, the reality has been quite different. In Transparency International’s recently released Corruption Perception Index 2024, which...
Economics: Year-end results confirm the latest episode in the ongoing deterioration of public finances, with no end in sight
MEXICO · Report · 18 Feb 2025 · 1 response
A profound deterioration of public finances played out in 2024, as we had anticipated as far back as when we analyzed the economic package projected for last calendar year that was published in September 2023. The year 2024 brought troubling trends in revenue, as well as in the degree of growth a...
Politics: Sheinbaum concentrates decision making in a strong, all-powerful presidency
MEXICO · Report · 18 Feb 2025 · 1 response
While President Claudia Sheinbaum has succeeded in rallying broad support in response to Donald Trump’s threats on tariffs, migration, and national sovereignty, the fact remains that her policies and orientation represent a continuity with AMLO’s unipersonal style of governing. Her decisions, in ...
Slide presentation - North America Trade War: Implications for Mexico
MEXICO · Report · 13 Feb 2025
Get insight into the tariff issues between the U.S. and Mexico with the slide presentation from our webinar "North America Trade War: Implications for Mexico". The US administration agreed to pause the tariffs originally scheduled to take effect in early February for Canada and Mexico for 30 day...
Economics: Implications of an eventual imposition of tariffs on Mexican products
MEXICO · Report · 10 Feb 2025
The tariffs imposed by Donald Trump on February 1 were paused by the White House for a month as of February 3, conditioned on the "effectiveness" of measures to be implemented by the Mexican government to control the flow of drugs, mainly fentanyl, and the entry of migrants into the US. However,...
Politics: Trump escalates threats against Mexico, including direct intervention against cartels
MEXICO · Report · 10 Feb 2025
Mexico is closely and apprehensively watching developments in Washington given U.S. President Donald Trump’s threats to impose a 25% tariff on Mexican exports to the United States and talk of possible intervention against drug cartels. At the last minute, the tariff threat was averted, for 30 day...