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In the following years public finances will continue to be pressured by the payment of pensions still remaining from the pay-as-you-go old system, guaranteed pensions and capital injections to Pemex.
Last month the government announced the intention to stop exporting oil as of 2023 to instead use it in the national refining of gasoline with the aim of achieving "energy autonomy" and stop importing gasoline.
During October 2021, traditional private sector deposits increased in real terms, driven by employment and the rate hike cycle. The current credit portfolio granted by commercial banks to the non-financial private sector (NFPS) grew 0.2% in nominal terms.
The year-end data confirms the slowdown in consumption in 2H21, a period that registered a 4.9% variation, compared to the previous semester, a figure that contrasts with the 10.6% figure observed in 1H21.
January 3, 2022
Mexico | Does 1 in 5 pesos of remittances come from Mexicans in the construction sector?
In November, remittances to Mexico grew 37.7%. In 2021, the Mexican migrants in the United States grew to 11.9 million, 1 in 5 are employed in the construction sector. Several countries in Latin America and the Caribbean have also reported significant increases in their income from remittances.
December 23, 2021
Differentiated recovery of credit and deposits in the face of moderation of the pandemic.
The reduction in COVID-19 cases during October seems to have influenced a heterogeneous boost to credit, while the relevant rise in formal employment and the cycle of monetary tightening were reflected in an incipient change in the trend of term deposits.
Over the past months, a series of bottlenecks has resulted in disruptions to global supply chains and high levels of inflation. Ports in Asia and California are congested with ships waiting days to unload merchandise
December 9, 2021
Mexico | The financial system overcame the pandemic while maintaining its stability.
We share the conclusion reached by the FSR regarding the soundness of the financial system and we agree with the idea that some institutions of the banking system - none of systemic importance - may still have solvency problems, although this does not put the banking system at risk. as a whole.