Author: Stanley Bowers

Previously, the Inegi projection was that the Mexican economy would have an advance of 0.1%, at a monthly rate. However, the real data on economic activity released this Monday shows a contraction of 0.2%. In addition, for June, the Timely Indicator of Economic Activity estimates a greater contraction, of 0.4% per month. With these figures, according to the Grupo Financiero Base, the probabilities of a stagnation of the Mexican economy in the second quarter and a contraction in the third quarter of 2022 increase. At an annual rate, economic activity advanced 1.3%, in real terms, with an advance of 3.1%…

I keep thinking about how similar this example is to one of the problems that has plagued the country’s public finances for many years. In Mexico and the world, the concept of revenue waivers —previously known as tax expenditures— is used to identify the amount of resources that the federal treasury stops collecting due to the use of preferential treatments applied to taxes. Unlike in the kitchen, where you can see and interact with people to determine whether or not they can access the benefit, in the revenue waivers it is not clear who benefits from the different preferential treatments.…

Thus, this series will have several chapters. First, the political discourse will dominate and the calls to defend the homeland will multiply. Later, away from the spotlight, the representatives of the Mexican government will look for a way to reconcile with their US and Canadian counterparts so as not to escalate the trade dispute any further. At the same time, investments mainly in the electricity sector will remain on edge. The action taken by the United States government around the energy market in North America has provoked endless emotions in the business community based in Mexico. On the one hand,…

There are no shortcuts or magic formulas, it is a matter of attitude and will. We need entrepreneurs willing to face the challenges of the present to collaborate in the construction of a better future. Economic and social development needs people with leadership, vision and sensitivity. Human values ​​should never be lost sight of, since they are decisive in any business management worthy of recognition. The remarkable thing is that, in the context of an era of unprecedented technological revolution like the current one, any individual is capable of developing the qualities of an entrepreneur. Digital platforms, artificial intelligence and…

Another benefit that the incorporation of the four aircraft will bring is the increase in routes from the Mexican southeast to Guatemala and vice versa. According to the director, the demand for these destinations is increasing, while this region will be a business opportunity, thanks to the federal government targeting this region of the country to promote tourism through the Mayan Train project. TAG Airlines is studying adding routes from Guatemala to Huatulco, Zihuatanejo and Acapulco, and will also seek to increase the frequency of flights it currently has in Cancun, Oaxaca and Tuxtla, Gutiérrez. The airline company has flights…

The officialization of Bolsonaro as a candidate for the elections on October 2 occurred at the Liberal Party (PL) convention in Rio, the political cradle of the president. According to the organizers, 12,000 people followed the speech, although there were gaps in the audience. “I summon all of you so that on September 7 we go to the streets for the last time,” he said in a fiery tone to attack the Federal Supreme Court (STF) as he usually does. “Those few deaf people in black cloaks have to understand what the voice of the people is,” he said about…

“We responded quickly,” Jha said, rejecting accusations that the administration of President Joe Biden was caught off guard when the first cases appeared in the United States a couple of months ago. He said Washington had made a “very substantial” increase in its response, including the recent purchase of 800,000 doses of vaccine from Denmark, since the start of the outbreak in May, when monkeypox vaccine stocks were limited. “The plan is to eliminate this virus from the United States. I think we can do it,” Jha said. World Health Organization activated its highest level of alert on Saturday to…

The most important case was that of the former number one in the sector, Evergrande, with nearly 300,000 million dollars of debt. Furthermore, the uncertainty linked to the COVID-19 pandemic is deterring buyers. How do buyers react? The Evergrande crisis sparked buyer demonstrations in September 2021, but a new form of protest appeared in June: a real estate loan payment strike. Given the delays in the works, the buyers of accommodation that are not yet finished stopped paying the credits until the work is resumed. Within a month, the strike spread to more than 300 projects in 50 cities in…

US hiring remained strong in June, with 372,000 jobs added and the unemployment rate holding at 3.6%. It was the fourth consecutive month of employment growth above 350,000 positions. “This is not an economy that is in a recession,” said Yellen, who previously chaired the Federal Reserve. “But we are in a transition period where growth is slowing and that is necessary and appropriate.” Still, last week’s data suggested the labor market was weakening, with new claims for jobless benefits hitting their highest point in eight months. Yellen said inflation “is too high” and that the Fed’s recent rate hikes…