MEXICO
Analysts
Mauricio González
Former Director of Economic Policy, Finance Ministry
Guillermo Valdes
Former Director, Center of Investigation & National SecurityDatabanks
Recent Country Insights
Economics: The US 25% tariff affects a high percentage of Mexican non-USMCA products; the threat of reciprocal tariffs heightens uncertainty
MEXICO · Report · 25 Mar 2025
Tariff threats against Mexico have focused on demanding measures to prevent migration and fentanyl trafficking. However, it is very likely that issues directly related to foreign trade, attracting production chains to the US and a strategy to reduce the presence of Chinese products in the joint U...
Politics: Sheinbaum proclaims missing persons a national priority. Can she deliver on her pledge to tackle the issue?
MEXICO · Report · 24 Mar 2025
The issue of missing and forcibly disappeared persons in Mexico has mushroomed into a major political and social controversy that has captivated public opinion and put the Claudia Sheinbaum administration on the defensive. The catalyst was the discovery of what has been called an extermination ca...
Economics: Continuing deterioration of Pemex financial and operational numbers as the government saddles it with objectives but no solutions
MEXICO · Report · 17 Mar 2025
Pemex experienced further operational and financial deterioration during 2024, according to figures in the company’s latest report, so much so as to put its viability at risk and to become an increasingly onerous burden on the Federal Government. Production of liquid hydrocarbons fell 6.2% (1,75...
Politics: Exposure of extermination center, crematoriums rocks Mexico
MEXICO · Report · 17 Mar 2025
In a country not lacking in political, economic, and social scandals, Mexican society was jolted by news of the discovery of an extermination center in Teuchitlan, Jalisco on March 8. Photos of clandestine crematoriums, graves containing charred human remains, and hundreds of personal objects suc...
Economics: Clock ticking on Trump’s rolling tariff deadlines as Mexico’s trade with China could become a new source of pressure
MEXICO · Report · 11 Mar 2025
Although Trump decided at the beginning of March to pause his blanket 25% tariffs for another month, there remains a high probability that the steel and aluminum tariffs that Washington has planned to go into effect this Wednesday, March 12, will materialize. Meanwhile, there remains the threat t...
Politics: Sheinbaum moves ahead with her legislative agenda, albeit with problems on the home front
MEXICO · Report · 10 Mar 2025
Claudia Sheinbaum’s administration is moving full steam ahead on legislative bills. While the President constantly claims continuity with AMLO, she has also struck out on her own with a series of legislative proposals that are not part of her predecessor’s legacy. These include the Infonavit hous...
Economics: February indicators reveal further slowing of economic activity on a mix of domestic factors and external threats
MEXICO · Report · 03 Mar 2025 · 2 responses
This week’s review of the news of the past month provides plenty of evidence of a further slowing of economic growth. Industrial activity contracted in December, and GDP growth sputtered to only half a percentage point in the fourth quarter, with services the only sector with relative growth that...
Politics: Amid a delicate balancing act, Sheinbaum moves against drug cartel kingpins
MEXICO · Report · 03 Mar 2025
Claudia Sheinbaum’s administration is confronting the thorny problem of drug trafficking on different fronts, in all cases with pressure from Donald Trump inevitably and constantly looming in the background. Domestically, the request by drug trafficker Mayo Zambada, illegally kidnapped from Mexic...
Economics: Even as core prices show little movement, inflation continues to trend lower but could reverse course in the medium term
MEXICO · Report · 25 Feb 2025
In January, inflation broke well over a full percentage point below readings of a year prior. This is the latest sign of a clear downward trend that has largely been the result of the deceleration of non-core inflation’s agricultural products component, which has registered significant decreases....