economy-featured
Poverty falls in Lat Am, except Honduras and Mexico
Fox News Latino - Poverty in Latin America has dropped overall 17 percentage points in the last 20 years with two major exceptions. Honduras and Mexico trended the opposite way with poverty rates rising 1.7 percent and 1.5 percent respectively.
Mexico has OECD's lowest tax rate
Tax-News - The Organization for Economic Cooperation and Development (OECD) annual report on the tax burdens in place in 2010 shows that Mexico had the lowest tax-to-GDP ratio at 18.7 percent.
www.tax-news.com/news/Mexico_Has_OECDs_Lowest_Tax_Burden____52737.html
OECD sees slowing in 2012; growth in 2013
MarketWatch - The Organization for Economic Cooperation and Development says Mexico's economic growth will slow in 2012 after robust growth this year, but then sees another pickup in 2013 as its main trading partners recover and confidence returns.
www.marketwatch.com/story/oecd-mexico-growth-to-slow-in-12-pick-up-in-13-2011-11-28
October unemployment dips to 5.0 percent
Dow Jones - Unemployment in Mexico fell in October from a year earlier, and was also down from September in seasonally adjusted terms.Inegi said unemployment last month was 5 percent, compared with 5.7 percent in October 2010.
Scandal escalates over cartel influence in elections
McClatchy Newspapers - A scandal deepened Wednesday over drug traffickers' political influence as a losing party in a recent state election accused the party it lost to of ties to gangsters.
www.miamiherald.com/2011/11/23/2516344/mexico-political-parties-duel.html
Mexico has 7.8 million lost youth, or "ni nis"
Global Post - Mexico has a stunning 7.8 million young people who neither work nor study, according to a new government study. The so called “ni nis” or “neither nors” are believed to be a major cause of instability in Mexico.
www.globalpost.com/dispatches/globalpost-blogs/que-pasa/mexico-has-7-million-lost-youth
Jobs in informal sector fast outpacing formal sector
Mexidata - Released this month, the latest numbers from Mexico’s Institute of Geography, Statistics and Informatics (INEGI) showed job creation in the informal sector outpacing that in the formal sector.
www.mexidata.info/id3195.html
Expectations of December rate cut fade
Dow Jones - A decreasing number of analysts now expect the Bank of Mexico to cut rates at its last monetary policy meeting of the year on Dec. 2., according to the results of a survey published Thursday by Citigroup Inc. unit Banamex.
Mexican Congress approves 2012 budget
MNI - Mexico's Congress late Tuesday night approved the final portion of the 2012 budget just in time for the midnight deadline, with spending set at 3.65 trillion pesos ($275 billion), a 7.8 percent increase over 2011.
mninews.deutsche-boerse.com/index.php/mexico-congress-gives-final-approval-2012-budget
September inflation rate drops to 3.1 percent
Milenio - Mexico's inflation rate in September was reported at 3.1 percent, which placed the country as one of the nations with the lowest rates among the countries of the Organization for Economic Cooperation and Development (OECD).
