Economy

Esquivel sees "unnecessary uncertainty" in debate of new governor of Banxico

Gerardo Esquivel is once again discarded as a candidate to be the next Governor of the central bank, a position that Alejandro Díaz de León will leave on December 31.

Banxico estimates that Mexico's GDP may grow up to 7% this year

The Bank of Mexico indicates a greater reactivation than estimated in the productive sector, which will generate between 350,000 and 570,000 formal jobs this year.

The labor market will recover until 2023 in the world, estimates the ILO

At least 220 million people will remain unemployed this year, while 100 million wage earners work in more precarious conditions, following the arrival of the COVID-19 pandemic.

Sofía Belmar leaves the general management of Metlife Mexico

The insurer appointed Belmar as Business Development and Transformation leader for Latin America, and will be replaced by Mario Valdés as of July 1.

Mexico's economic activity will take off in the short term

For the medium term, structural improvements will largely depend on the dissipation of uncertainty about various public policies, predicts the IMEF.

The new head of the OECD relies on a corporate tax this year

Mathias Cormann, who replaces Mexico's Ángel Gurría, said the Joe Biden government's approach to a global minimum corporate tax has changed the rules of the game.

Analysts consulted by Banxico see higher inflation and growth

Private analysts estimate a rebound in headline inflation of 5% and an economic recovery of 5.15% by the end of 2021.

Remittance shipments to Mexico rebound 39% in April

In the fourth month of the year, Mexicans living abroad sent 4.047 million dollars, the second highest amount so far this year.

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