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: A complex public finance picture compounded with a bigger bailout of Pemex
MEXICO · Report · 10 Nov 2025
Public finances maintained in September the same basic trend seen in previous months. In the revenue column a deterioration in oil revenues contrasted with higher tax and non-tax revenues. In expenditures, there was a reduction in programmable spending that was particularly severe in the case of ...
Politics: Killing of Michoacán mayor sparks outrage over weakness in Sheinbaum’s response to organized crime
MEXICO · Report · 10 Nov 2025
The high-profile murder on November 1 of Carlos Manzo Rodriguez, mayor of Uruapan, Michoacán, has sparked enormous pent-up indignation nationwide and put the spotlight on President Claudia Sheinbaum’s public security policies. Manzo, who had previously been a Morena congressional deputy but bolte...
Economics: A sputtering economy and a complex public finance outlook as the monetary policy spread narrows
MEXICO · Report · 03 Nov 2025
Data released in October shows the economy continues to spiral downward under the weight of declining productive investment and private consumption. The same weakness is reflected in the labor market, with declining numbers of formal sector jobs being somewhat offset by more people finding inform...
Politics: PAN at the crossroads, seeking better fortunes with a relaunch and a new face, identity, and organizational style
MEXICO · Report · 03 Nov 2025
Mexico’s largest opposition political party — the PAN —appears to be realizing that it is in an existential crisis and needs a major shakeup, overhaul, and new identity. The evidence is overwhelming: party membership is down to 200,000, which contrasts with Morena’s campaign for 10 million new af...
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...