In this release of our Regional Sectoral Outlook is set apart by the change of base year in August 2023 with an updated perspective of the sectoral and regional composition of the Mexican economy. During 2024, the GDP of Finance could grow the most (5.3%), followed by Management (5.3%) and Entertainment & Recreation (4.5%)
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The recovery in private consumption is losing momentum, dropping from an annual 5.9% in the 2021-2022 biennium to 2.0% in 2023-2024. The increase in financing costs counteracts the modest rise in income, net financial wealth, and household expectations.
Facing one of the most devastating natural phenomena in the last decade, to estimate the economic aftermath requires two elements: 1) to understand the economic outlook in Guerrero state prior to Otis landfall; and 2) rely on empirical evidence…
Construction grows 10.5% in the second trimester of 2023, the impulse comes from Civil construction. Mortgage credit shows a contraction of 4.1% on number of mortgages and 8.6% on credit amount. The potential demand for affordable housings amou…
On October 11, the Mexican government published in the Official Gazette (DOF) a decree granting tax incentives to key sectors of the export industry such as the immediate deduction of the investment in new fixed assets and additional deductions…
We analyze female participation in the mortgage market in terms of access to credit, the amount of credit, and the interest rate.
We study mexican households savings and consumer credit patterns through the Covid-19 pandemic and the dynamics of these variables during the reopening period.
Economic growth through 2023 will be modest and driven by services. A drop in the secondary sector (mainly via Manufacturing) is anticipated due to the slowdown in the economy. Tourist entities lead growth.
With growth of only 0.4% in 2022, the recovery of the Construction sector remains distant. The number of mortgage loans granted during 2022 is 8.9% lower than in 2021, while the amount fell 4.9% in real terms. There is a high concentration in m…
We study the transmission of monetary policy shocks using daily consumption, corporate sales and employment series. We find that the economy responds at both short and long lags that are variable in economically significant ways.
The severe economic consequences of the pandemic and the implementation of furlough schemes have highlighted the important role that working hours can play when adjusting the labor market to the current climate.
February 23, 2023
Spain | Link between working hours and type of contract: has it changed after the reform?
The type of contract helps to explain the differences in working hours between employees, especially for part-time workers. With some exceptions, the 2022 labour market reform does not seem to have affected the differential in working hours between contract types.