NEWS FLASH

UPCOMING WEBINAR - MEXICO ELECTIONS: AT A CROSSROAD...

15 Crucial Days
MEXICO · Report · 03 Sep 2013

Executive Summary Over the past week dissident members of the National Teachers’ Union, gathered in what is known as the “Coordinadora” or CNTE, have grown increasingly audacious in their efforts to derail the last of the education reform bills pending before Congress. After having succeeded last...

PRD's Energy Reform Stand
MEXICO · Report · 27 Aug 2013

Executive Summary The slackened pace of economic growth in Mexico was a constant theme of economic news last week, beginning with reports rounding out the first half of the year. During the second quarter, the Mexican economy expanded at a lackluster pace of 1.5% compared to the same period a yea...

Blinking in the Face of Protest
MEXICO · Report · 27 Aug 2013

Executive Summary President Enrique Peña Nieto will send Congress the first State of the Nation Report of his administration next Sunday. It will provide a far more subdued assessment than one might have expected a few months ago, when Mr. Peña Nieto rode into office on a wave of domestic and int...

A master class of political muscle *
MEXICO · In Brief · 22 Aug 2013

This week, the Mexican Congress is discussing in –an extraordinary session– the three secondary laws regarding the recent Constitutional amendments on education. These changes will bring tougher tests on teachers and will bring upon an autonomous institute in charge of evaluating their performanc...

Mexico’s two earthquakes: one shook the capital, the other economic growth
MEXICO · In Brief · 21 Aug 2013

Mexico suffered a mid-strong earthquake this morning, fortunately with no major consequences. That’s not the case with GDP growth figures for Q2 released yesterday by INEGI. They show a contraction of 0.74% compared to previous quarter and 1.5 % on annual basis. This came as a big surprise since ...

Political Algebra of Energy Reform
MEXICO · Report · 19 Aug 2013

Executive Summary The debate on energy reform is formally underway now that President Enrique Peña Nieto unveiled his energy reform proposal. It proved to be less ambitious than many in the private sector and on the right had hoped for, as the government continues to walk a fine political line th...

How the Reform Proposals Stack Up
MEXICO · Report · 19 Aug 2013

Executive Summary The administration of President Enrique Peña sent the Mexican Congress a proposal to reform two articles of the Constitution regarding the energy industry last week. If approved, those changes would allow for private investment in the exploration, extraction, refining, transport...

Poverty Readings MIxed
MEXICO · Report · 14 Aug 2013

Executive Summary Last week Banco de México (Banxico) released its quarterly assessment of inflation in which it lowered its economic growth estimate for the current year. The forecast interval for 2013 GDP was pared to 2.0%-3.0%, a full percentage lower than the 3.0% to 4.0% range the central ba...

A Possible Road to Oblivion
MEXICO · Report · 14 Aug 2013

Executive Summary This week’s release of the government’s energy reform proposal may provide a test of the electoral left in Mexico, which for over 20 years has been dominated by the Party of the Democratic Revolution (PRD). A new contender is emerging to the left of the party in the form of Andr...

Continuing Weakness at 2Q
MEXICO · Report · 07 Aug 2013

Economic Panorama In the Economic Panorama section of our previous Monthly Trends issue, we argued that, based on the very preliminary data available at that time, it appeared that the economic slowing apparent in the first quarter had been intensifying over the course of the second quarter of th...

Michoacán: Spiraling Crisis
MEXICO · Report · 07 Aug 2013

Political Outlook A series of developments over the past week in the central western state of Michoacán confirmed that security conditions there continue to deteriorate in dramatic fashion. The list of incidents was led off on Sunday, July 28 with the gangland murder of Vice Admiral Carlos Miguel...

Waiting for the Plan
MEXICO · Report · 30 Jul 2013

Executive Summary Early in the week the United Nation’s Economic Commission for Latin America and the Caribbean (ECLAC) downwardly adjusted its growth estimates for the current year for Mexico (from 3.5% to 2.8%) and for other countries in the region. Combined with the lowered forecast for Brazil...

Energy Reform and Protest
MEXICO · Report · 30 Jul 2013

Executive Summary The path to reforming Mexico’s petroleum sector remains somewhat clouded as the two main opposition parties have staked out diametrically opposed plans, and the PRI has yet to clearly define a proposal of its own. Further complicating matters is the extent to which the PAN remai...

Middle Class Incomes Stagnate
MEXICO · Report · 23 Jul 2013

Executive Summary At the beginning of the week President Enrique Peña Nieto announced his Investment Program for Transportation and Telecommunications Infrastructure for 2013 to 2018. During the presentation, the President said his administration intends to spend roughly 4 trillion pesos on such ...

The Pact Changes Course
MEXICO · Report · 23 Jul 2013

Executive Summary The state and municipal elections held on July 7 appear to have ushered in a new phase in the life of the Pact for Mexico. The two main opposition parties, PAN and PRD, have stepped up their accusations about improper use of public funds during the campaign in violation of the a...