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: Credit to the private sector slows despite Banxico's extended easing cycle
MEXICO · Report · 09 Dec 2025
According to figures published recently by Banxico, financing to the non-financial private sector slowed at an annual rate in the domestic currency component in the third quarter. Within domestic financing, the bank loan portfolio, which represents about 60% of the total, is showing slower growth...
Politics: A quick review of the laws passed during the legislature now concluding
MEXICO · Report · 08 Dec 2025
On the economic front, considering the country’s lackluster economic performance, the main pieces of legislation that were approved in the session now concluding—the Federal Revenue Law and Federal Expenditure Law—offered no surprises. The bills ratified excessive spending to maintain social subs...
Economics: November economic news devoid of signs Mexico might see an upturn anytime soon
MEXICO · Report · 01 Dec 2025
Gross fixed investment and private consumption figures through August remain a major obstacle to any chance of an economic rebound through early 2026. At the same time, industrial activity remains on the skids, while 3Q GDP slipped two basis points. Weakness also remains apparent in services cons...
Politics: Changes at the Attorney General's Office, controversial rulings by the Supreme Court, and growing social protests
MEXICO · Report · 01 Dec 2025
A rift has appeared between Sheinbaum and newly elected Supreme Court justices perceived as favorable to the 4T. The judges’ intent was to eliminate a basic judicial principle that legal conflicts must have a definitive conclusion. Without this certainty, disputes would become endless. This woul...
Economics: With the heyday of robust commodity prices long past, Mexico's agriculture struggles amid improvised, dysfunctional policies
MEXICO · Report · 24 Nov 2025
The government’s response to agriculture over the past year traverses an arc similar to other areas of government policy, including energy, health, education, and communications infrastructure. This response is characterized by strategies directly inherited from the previous administration along...
Politics: Anti-government protests fueled by discontented youth pose risks for the 4T and the Sheinbaum government
MEXICO · Report · 24 Nov 2025
A large demonstration on Saturday, November 15 against President Claudia Sheinbaum’s government may be a prelude to a major political realignment. The catalyst for the protest was the November 1 killing of Uruapan, Michoacán Mayor Carlos Manzo, a fierce critic of Sheinbaum’s security policy, whic...
Economics: The non-tariff barriers US cites put Mexico at a disadvantage in the upcoming USMCA review and potential renegotiation
MEXICO · Report · 18 Nov 2025
The positions on non-tariff barriers being cited by the current US administration loom large over the USMCA review and possible renegotiation, a process the three signature countries are scheduled to jointly engage in beginning next July. The barriers Washington points to were outlined in a US Tr...
Politics: Sheinbaum's administration under fire on multiple fronts
MEXICO · Report · 17 Nov 2025
With Claudia Sheinbaum’s presidential administration now into its second year, prospects are not as bright as they once appeared. Sheinbaum had everything going for her, including AMLO’s legacy and high approval ratings and a weak opposition. But her incapacity to break with AMLO’s erroneous poli...
Economics: A complex public finance picture compounded with a bigger bailout of Pemex
MEXICO · Report · 10 Nov 2025 · 1 response
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 ...