Economy

#DataDeLaSemana: The role of investment towards economic recovery

The ravages of the COVID-19 pandemic in the Mexican economy affected investment more than other engines of the economy, such as employment or exports, says Brenda Flores.

Jonathan Heath regrets "very bad news" for construction

The value of the production of construction companies grew only 1.2% in April, and according to the deputy governor of Banxico, growth rates should be in the double digits.

The Fed rules out raising its interest rate just because of inflationary fears

Fed Chairman Jerome Powell says the central bank will wait for evidence of real inflation or other imbalances before raising the interest rate.

The fintech Konfío receives a capital injection of 125 million dollars

The new investment was led by the international fund Lightrock and the resources will be used to streamline credit granting, business management and payment solutions.

Global wealth increased 7.4% in 2020 despite the pandemic

The annual wealth report made by the Credit Suisse bank details that thanks to the governments and central banks taking quick measures, the crisis and a speedy recovery could be mitigated.

Payroll and personal bank credits will take time to recover

The recovery of payroll credit depends on a gear that includes the recovery of economic activity, vaccination, investment and the creation of formal jobs.

Banxico plans to freeze its interest rate for the fourth consecutive time

The biggest rebound in the price rise will be the main impediment for the Bank of Mexico to leave its interest rate at 4% this week.

Citibanamex, cautious on credit but confident in digitization

The bank lost 50% of its profits in 2020 due to the creation of reserves and although it expects growth in the second half of 2021, it is confident that the technology will help improve its processes.

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