MEXICO
Analysts
Mauricio González
Former Director of Economic Policy, Finance Ministry
Guillermo Valdés
Former Director, Center of Investigation & National Security
Mariano Ruiz-Funes
Former Director of Financial Policy, Ministry of Finance
Francisco González
Economic Consultant, GEA Grupo de EconomistasDatabanks
Recent Country Insights
Economics: Current US tariff schedule significantly impacts Mexican exports and the broader economy
MEXICO · Report · 15 Apr 2025
President Trump’s recent announcement of a 90 day pause on his “reciprocal” tariffs left many countries with a 10% across-the-board rate for that period. Mexico was not included in the list of reciprocal tariffs, a development celebrated by Mexican authorities as an achievement. However, there ar...
Politics: Sheinbaum unveils a new and better defined Plan Mexico. But is it up to the challenges ahead?
MEXICO · Report · 14 Apr 2025
In response to the slowdown in Mexican economic growth coupled with the ups and downs of Donald Trump’s tariff threats, which have been an emotional roller coaster for business interests and society as a whole, President Claudia Sheinbaum has re-launched and strengthened Plan Mexico, her ambitiou...
Mexico Macro Monitor: Industrial Production Shows Moderate Recovery but Remains Weak in Early 2025
MEXICO · In Brief · 11 Apr 2025
In February 2025 (seasonally adjusted figures), industrial production expanded by 2.5% year-over-year and 0.4% compared to the previous month. This marked a recovery from January, when output had contracted sharply. However, due to the weak start to the year, the cumulative growth for the first t...
Mexico Macro Monitor: Banxico minutes reveal confidence on reducing inflation and interest rates
MEXICO · In Brief · 10 Apr 2025
Banxico is confident that inflation will continue to decline, downplays risks, and signals that the interest rate cut will persist according to the minutes from March 27 meeting The Governing Board of the Bank of Mexico (Banxico) unanimously decided to cut the benchmark interest rate by 50 basis ...
Mexico Macro Monitor: Consumer inflation is not improving and producer prices risk a spillover on consumer prices
MEXICO · In Brief · 09 Apr 2025
March inflation edged up slightly on non-core pressures, while core inflation's six-month stagnation raises doubts about monetary easing March consumer inflation rose slightly to 3.8% year-over-year, compared to 3.77% in February. The increase was driven by the non-core component, which reached 4...
Economics: The General Economic Policy Pre-Criteria for 2025-2026 retain the optimism of previous years
MEXICO · Report · 07 Apr 2025 · 1 response
As has become customary, the government’s latest policy pre-criteria are marked by excess optimism. The Pre-General Economic Policy Criteria text the Ministry of Finance sent Congress last week, which ushers in the budgeting process of Federal Public Administration entities, include revised macro...
Politics: Radical teachers' struggle puts Sheinbaum government on the spot
MEXICO · Report · 07 Apr 2025
While President Claudia Sheinbaum has been largely successful in curbing the impact of social protests, the radical dissident teachers’ movement is giving her a run for her money. The official National Teachers Union (SNTE), the largest labor union in Mexico and Latin America, despite its past af...
Mexico Macro Monitor: Consumer confidence index records annual and monthly decline
MEXICO · In Brief · 04 Apr 2025
Consumer confidence in March records annual and monthly decline, reflecting persistent deterioration over the past four months The consumer confidence index for March 2025 fell by -1.3 points compared to the same month last year, marking its third consecutive annual decline. This drop was driven ...
Mexico Macro Monitor: Private consumption falls YoY in January for second consecutive month
MEXICO · In Brief · 03 Apr 2025
Private consumption in January: Second consecutive annual decline driven by sharp contraction in imported goods consumption, in addition to persistent weakness in domestic goods spending. Private consumption fell -0.9% YoY in January 2025, marking the second consecutive decline after maintaining ...