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: Inflation in March 2026 rose again due to an increase in non-core inflation and the persistence of core inflation
MEXICO · Report · 14 Apr 2026
Consumer inflation in March stood at 4.59% annually, up from 4.02% in February. The increase was driven primarily by a sharp rise in the non-core component, which reached 5.05%. As a result, consumer inflation has risen by nearly one percentage point (100 basis points) during the first quarter o...
Politics: Missing and unlocated persons in Mexico, a multiple crisis
MEXICO · Report · 13 Apr 2026
On April 2, 2026, the UN Committee on Enforced Disappearances published its report on Mexico and invoked Article 34 of the International Convention for the Protection of All Persons from Enforced Disappearance. It urged the UN Secretary-General to refer the situation urgently to the General Assem...
Economics: The figures published in March show a slowdown in economic activity and upward pressure on inflation
MEXICO · Report · 31 Mar 2026
Mexico’s March figures reveal a slowdown in economic activity after the optimism sparked by the uptick in growth at the end of 2025. In the fourth quarter of 2025, demand strengthened thanks to a rebound in private consumption and robust export performance, although investment continued to contra...
Politics: Government-business relationship—the schizophrenia
MEXICO · Report · 30 Mar 2026
Claudia Sheinbaum faces the challenge of turning private investment into a reality to ensure the sustainability of the 4T project, which requires solid and growing public finances to maintain social programs and fund the public works that symbolize the government. The problem stems from the deep ...
Economics: Employment growth at the start of 2026 remains weak despite a slight uptick in economic activity
MEXICO · Report · 24 Mar 2026
The total employed population in Mexico as of January 2026 saw weak growth of 0.4% YoY, after remaining at low growth rates throughout 2025, when it increased by an average of 0.7%. While last year the weakening of employment was in line with the overall stagnation of the economy, in January 2026...
Politics: New Electoral Reform proposal—what is President Sheinbaum's "Plan B" about?
MEXICO · Report · 23 Mar 2026
Following the rejection of President Sheinbaum’s initial constitutional reform on electoral matters—opposed by her allies PT and PVEM, who feared severe losses in funding and congressional seats—she submitted “Plan B” to the Senate last week. This more limited proposal seeks to “make democracy ch...
Politics: Morena prepares for 2027 with strategies aimed at gaining an advantage over the opposition
MEXICO · Report · 16 Mar 2026
Morena is moving aggressively to prepare for the 2027 elections. During its National Political Council on March 7, the party approved an accelerated calendar and rules for selecting candidates for the 17 governorships at stake, while simultaneously strengthening its territorial structure. By laun...
Economics: Pemex posts mixed results for 2025, facing big challenges ahead
MEXICO · Report · 16 Mar 2026
At the end of last month, Pemex released its operating and financial results for the close of 2025. The report was presented under the company’s new legal status as a “public company” — previously known as a “state productive enterprise” — and within the framework of the reforms and new legislati...
Economics: Indicators published in February point to a weak economic recovery for 2026, with inflation above Banxico's target and deteriorating public finances
MEXICO · Report · 09 Mar 2026
Economic indicators published in February suggest that Mexico will experience a moderate recovery in 2026 following the stagnation observed in 2025, although this rebound is shaping up to be weak and constrained by multiple obstacles. Private consumption shows signs of gradual recovery, driven la...