Regional Analysis Mexico
Regional Analysis Mexico latest publications
Interest rates cushion mortgage market contraction in most states. Ten years in which mortgage credit has flowed, but there is still much to do.
March 4, 2021
Mexico | There are 51 million Mexicans with an income below the value of the food basket
Coneval estimates that there are more than 51 million Mexicans living in working poverty in the 4Q20, 40.7% of the total population. Due to the pandemic, there was a contraction of 10.3 million jobs during the 2Q20, which is equivalent to almost 19% of total jobs nationally: 6.2 million men and 4.1 million women.
February 22, 2021
Mexico | Weak recovery of formal employment with strong adjustment in wage distribution
Job creation is off to a slow start in 2021. Despite having positive job creation in January is insufficient given the loss of jobs that occurred since the start of the pandemic, which maintains a gap of 792 thousand jobs less compared to February 2020.
The rebound in the economy and employment will continue to show different nuances and heterogeneity among sectors and regions, it is expected that in the face of restrictions, social distancing, and economic closures, now partial, the negative impact on employment will continue.
November 19, 2020
Exchange rate effect and prices would decrease oil revenues, even with a larger production
The dynamics of nominal GDP (in USD) from oil mining are closely related to the oil revenues of the federal government. In Mexico, as a price-taker in the international market, such dynamics are determined by the evolution of oil prices, the volume of production and the exchange rate.
We are currently in the midst of the worst economic crisis that Mexico has experienced in modern times. This has resulted in the sharpest declines in history and deeper impacts than those seen in 1995. Construction is not exempt, and the economic depression that the sector has been experiencing since 2018 has worsened.
The Mexican Institute of Social Security (IMSS) reported that 92.4 thousand formal jobs were created in August, equivalent to 8.3% of the 1.1 million jobs lost from March to July. The weak recovery in employment could not stop the deterioration of the labor market in a generalized way.
A generalized fall, but still with opportunities. The sectoral structure has been maintained despite the economic contraction. Sectoral mix sets the tone for state performance.