Author: Stanley Bowers

The Timely Indicator of Economic Activity estimates in advance the evolution of the Global Indicator of Economic Activity (IGAE), which, in turn, allows the growth of Mexico’s Gross Domestic Product to be measured. In January, the IGAE registered a growth of 1.8% at the annual rate, spinning three months of growth. In this sense, if the increases of 2.8% for February and 0.4% for March are confirmed, the economic activity of Mexico would have increased for five months. But with a moderation in the third month of the year. With the data released today by the Inegi, secondary activities are…

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Escucha los comentarios de Maca Carriedo y Javier Garza sobre las noticias que son tendencia. Comparte tu opinión con nosotros en Instagram, @expansion.daily , acerca del podcast de hoy: El presidente Andrés Manuel López Obrador dijo que el rechazo de su iniciativa de reforma en materia eléctrica fue un acto de traición de los diputados del PAN, PRD y PRI . Ayer por la tarde la Cámara de Diputados aprobó, con 298 votos a favor, la reforma a la Ley Minera que envió el presidente López Obrador para que la explotación del litio sea facultad exclusiva del Estado Arranca la…

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In retrospect, this term seems increasingly apt. In fact, it helps to draw a contrast in circumstances that is analytically useful. The “December error” (the devaluation of the peso in December 1994) was an explosive event, derived from a process of over-indebtedness. The “October error” is a situation of implosion, associated with a phenomenon of such low investment that the country either stops importing capital or even begins to export it. Both are crisis situations, but of a different nature. More relevant for our purposes, the two phenomena are well captured by external accounts. The excessive leverage phenomenon behind the…

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How much can they lend you without declaring? There is an obligation to report in the annual declaration income from loans, prizes and donations, when they exceed 600,000 pesos. The rule, provided for in the ISR Law, does not determine whether they must be declared if the loans are in cash or by transfer, Colín explained. These incomes are not taxable, that is, they do not pay taxes, so it is important to have documents that support this type of transfer, according to the ISR Law, articles 90 and 93. A promissory note to a relative, in the case of…

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In Brazil, the government introduced changes in the methodology for calculating the tax on the circulation of goods and services (ICMS) on fuels and a project for the creation of a stabilization fund will be debated in Congress. The decision was made after last March 10 Petrobras, in compliance with its price policy based on international price parity, announced an increase of 18.8% in the refinery price of gasoline, from 24.9% of the diesel and 16% of liquefied petroleum gas (LPG). In Chile, meanwhile, the Boric government sent a bill to double the resources of the Fuel Price Stabilization Mechanism…

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The world’s second-largest economy began to lose steam in the second half of 2021 with a decline in the real estate sector and the rise of COVID-19 cases, which caused lockdowns in several cities. Health restrictions in some of the country’s major cities, including Shanghai and the tech hub of Shenzhen, also hit retail and employment numbers. However, the figure does not fully reflect the impact of the lockdown in Shanghai, which has left millions of people at home for several weeks. With this, pressure is growing on the authorities to reach the growth target of 5.5% by 2022, a…

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Fox Sports channels still appear on Dish’s programming grid, but when one of them is selected, the user is automatically prompted with the reasons for the termination of the agreement between the two companies. According to Dish, Grupo Lauman –which acquired Fox Sports in Mexico– will transfer part of its programming to its new Premium channel, as well as to its application that has been in operation since April 2, which will mean that users of the cablera will have to pay up to 50% more in their subscription to access sports content. “They want (Fox Sports) to significantly increase…

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The IMF lays out various ways that governments can help companies affected by the pandemic. He considers that such support should be limited to circumstances in which there has been a “market failure” but also warns that in the sectors hardest hit by the pandemic, which can drag down the rest of the economy, it is therefore better to encourage restructuring or the conversion. Given the difficulties of identifying the sectors that really need help, the IMF recommends that governments study the possibility of temporarily raising taxes on companies that have “excessive” profits. “This would help to recover some of…

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In January of this year alone, corn was imported for 410 million dollars (mdd), which represented an increase of more than 25% compared to the same month of 2021, when the figure was 305 million dollars. During the first half of 2021, Mexico imported 30% of fertilizers from Russia, so the conflict with Ukraine may limit the global supply of these inputs by up to 25%, warned the president of the UMFFAAC, Luis Eduardo González Cepeda. “The Mexican government is slowly facing the problem that the countryside is experiencing and that affects the entire country,” the UMFFACC and PROCCYT said…

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