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: The latest IGAE figures project further slowing in the third quarter and stagnation for 2025
MEXICO · Report · 28 Oct 2025
IGAE figures for August show a weak economy with deterioration in the second half of the year, as this index registered zero growth at a seasonally adjusted annual rate for the month, after falling -1.2% in July. This implies that, on average, the economy fell -0.6% at an annual rate in July-Augu...
Politics: The 4T moves to further restrict the power and independence of the judicial system
MEXICO · Report · 27 Oct 2025
In the ongoing battle to defend the role and independence of the judicial branch of government, the latest front involves the legislative decision to amend the Amparo Law. Those in favor of reforming the Amparo Law charge that it has been used to shield the rich and powerful, especially high-end ...
Economics: Stagnant employment sets the stage for further weakening of private consumption in late 2025 and early 2026
MEXICO · Report · 20 Oct 2025
The total employed population in Mexico shrank -0.3% yoy in August and on average for the first eight months of this year it remains flat, according to ENOE figures. This flatlining follows the trend of slowing job growth that began last year and is in line with the sputtering of the economy over...
Politics: Mexico’s foreign policy under Morena's governments
MEXICO · Report · 20 Oct 2025
Since the 1930s, Mexican foreign policy has been based in theory on the Estrada Doctrine as codified in two principles: non-interference in the internal affairs of other countries and national self-determination. Independently of domestic policies and whichever president was in office, Mexico’s a...
Economics: New energy sector regulations open doors to private investment, but the legal uncertainty is too off-putting
MEXICO · Report · 14 Oct 2025
Decrees that appeared in the October 3 Official Gazette of the Federation contain regulations for six secondary laws in the energy sector: the Energy Planning and Transition Law, the Hydrocarbons Sector Law, the Electricity Sector Law, the Biofuels Law, the Geothermal Energy Law, and the Hydrocar...
Politics: Fraud and extortion continue to rise, with a very low percentage of victims reporting these offenses
MEXICO · Report · 14 Oct 2025
Two Mexican government reports reveal the reality of crime in the country, the victims and their responses, and public security perception on the part of the population. INEGI has just published its 2025 Survey on Victimization and Public Security Perception. It is based on household surveys and ...
Politics: USMCA review and the 2027 midterm elections are key to defining Sheinbaum’s second year in office
MEXICO · Report · 06 Oct 2025
Recently we presented an initial balance sheet of the first year of President Claudia Sheinbaum’s government in terms of economic performance and social indicators. In this report, we will consider the main political issues, their ramifications and possible scenarios for her second year in office...
Economics: Further evidence of weaker activity according to September data
MEXICO · Report · 06 Oct 2025
Economic indicators released in September confirmed a slowing economy. Inegi’s industrial activity report for July shows the sector’s most pronounced contraction since October 2024, potentially setting the stage for a negative full-year contribution to GDP. Thus, chances for 2025 GDP growth would...
Economics: The initiative to raise tariffs on 1,463 products will lead to increased costs and a loss of competitiveness in some sectors
MEXICO · Report · 30 Sep 2025
On September 9, one day after the Economic Package was presented, the Ministry of Finance (SHCP) sent an initiative to modify the General Law on Import and Export Taxes (LIGIE). The initiative seeks to increase tariffs on 1,463 items by between 10% and up to 50% for the period from January to Dec...