Analysts predict 2.9% GDP growth in Mexico this year

Mexican economy is forecasted to grow by 2.9% in 2023, while the Mexican peso is expected to trade just under 18 to the US dollar by the end of the year, according to a survey of analysts by Citibanamex.

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8/20/2023

Mexico replaced China as America's top trade buddy — and it shows how the global economy is rapidly transforming

Trade between the US and Mexico has surpassed China and Canada as America's top trade partner, reaching $263 billion in the first four months of 2022, indicating a shift towards regional trade and nearshoring.

9/6/2023

EMERGING MARKETS-Mexican peso leads Latam FX lower, stronger dollar weighs

Most Latin American currencies fell as the dollar strengthened on robust U.S. economic data, with the Mexican peso leading the declines, while Chile's peso gained after the central bank cut its benchmark interest rate and lowered its economic growth forecast for 2023.

9/8/2023

NY Fed Estimate Shows Slowing Economic Growth in Q3, Raising Questions For Fed Policy

The U.S. economy is expected to expand at a 2.2% annual rate in the current quarter, according to a real-time estimate from the New York Federal Reserve, which is lower than the Atlanta Fed's estimate of 5.6% growth; the strength of the economy will impact the Federal Reserve's decision on interest rates and inflation.

9/9/2023

Mexico Forecasts Slower Growth, Lower Inflation and Oil Prices in 2024 Budget

Mexico's finance ministry expects the country's economy to grow between 2.5% and 3.5% next year, with inflation slowing to 3.8%, according to a draft budget document released by the ministry.

9/11/2023

Mexican Peso Rallies as Dollar Slides, Lifting Latin American Currencies

The Mexican peso and other Latin American currencies strengthened as a weaker dollar and positive economic data from China boosted metal prices and supported resource-rich countries in the region.

9/19/2023

Mexico Overtakes China as Top U.S. Importer, According to New Calculations

Mexico has surpassed China as the top exporter to the U.S. for all of 2023, according to Bloomberg and MarketWatch calculations.