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
Politics: The U.S. requests the extradition of Morena politicians, including sitting Sinaloa Governor Rubén Rocha Moya
MEXICO · Report · 04 May 2026
On April 28th, the U.S. Department of Justice submitted an extradition request for Sinaloa Governor Rubén Rocha Moya and nine other current and former state officials on charges of drug trafficking conspiracy, narcotics distribution, and firearms offenses in connection with the Sinaloa Cartel. Th...
Economics: Mexico's economy facing stagnant growth, persistent inflation, and mounting fiscal risks
MEXICO · Report · 04 May 2026
Figures released in April 2026 depict a Mexican economy under stress. Economic activity weakened, with GDP virtually stagnant at 0.2% YoY in Q1 2026 — a sharp deceleration from 1.8% YoY in Q4 2025 — as industry contracted and services lost momentum. Private consumption growth, although positive, ...
Economics: As inflation persists, expanded price controls loom as a threat
MEXICO · Report · 27 Apr 2026
The overall inflation rate for the first half of April (4.53%) was virtually unchanged from March (4.55%), while core inflation declined by 0.17 percentage points, falling from 4.44% to 4.27%. Although both indicators show a modest reduction, it is worth highlighting that core inflation has been...
Politics: Changes in Morena and the INE imply costs for the future of Mexican democracy
MEXICO · Report · 27 Apr 2026
Recent weeks have brought significant political changes in Mexico that carry far-reaching implications for both democratic governance and electoral competition. Within Morena, President Claudia Sheinbaum has orchestrated a leadership reshuffle that effectively tightens her grip on the ruling part...
Economics: The 2027 General Pre-Criteria for Economic Policy shows excessive optimism and disconnect from Mexico’s reality
MEXICO · Report · 20 Apr 2026
At the beginning of the month, the SHCP sent the General Pre-Criteria for Economic Policy for 2027 (PCGPE) to the Congress of the Union. These documents constitute the first step in the budget preparation process for the coming year and include an update of the macroeconomic framework and the exp...
Politics: A preliminary assessment of the new Mexican Supreme Court’s performance so far
MEXICO · Report · 20 Apr 2026
The new Mexican Supreme Court (SCJN), operational for nearly eight months, has already issued two highly controversial rulings that have generated widespread distrust and concern. The first authorizes the Financial Intelligence Unit (UIF) to freeze bank accounts of individuals and companies witho...
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...