Mexico reports current account deficit

Bloomberg - Mexico reported a second-quarter current account surplus of $440 million, surprising economists who had forecast a deficit, as a weaker currency helped boost exports, the central bank said.

Government scrambles to beat egg shortage

Associated Press — The Mexican government is battling an egg shortage and hoarding that have caused prices to spike in a country with the highest per-capita egg consumption on earth. About $225 million is to be spent on emergency program.

Inflation expected to dip below 4% by year's end

Reuters - Mexico's central bank said inflation would come in below its 4 percent ceiling this year despite a recent spike due to high fresh food prices, a global phenomenon which is fanning fears about a repeat of the 2008 food crisis.

Economists predict 4.2% growth in 2nd Q

Dow Jones - Mexico's gross domestic product, a broad measure of output in goods and services, is expected to have expanded 4.2 percent year-on-year in the second quarter of 2012, according to the median estimate of 17 economists.

Report says Mexico economy could top Brazil

Reuters - Mexico could overtake Brazil as Latin America's number-one economy in 10 years, according to research by economists at Nomura. Mexico could become a 'jaguar' economy if its newly-elected government implements ambitious economic reforms.

Mexico attracts $7.03 billion investment so far this year

Dow Jones - Mexico attracted $7.03 billion in foreign direct investment in the first half of 2012, a 9 percent increase over the same period of 2011. The investment was channeled into auto and auto parts, energy, food processing, infrastructure, mining and others.

Messmacher says inflation might stay at 4% this quarter

Bloomberg - Mexican inflation might not slow within policy makers’ target range this quarter as forecast by central bank Governor Agustin Carstens, the Finance Ministry’s top economist Miguel Messmacher said.

Analysts sharply raise 2012 inflation outlook

Reuters - Analysts watching Mexico's economy sharply lifted their forecast for inflation this year. They expected a 3.81 percent rise in consumer prices this year, up from a 3.65 percent increase expected in the last monthly poll.

What Mexico's election means for the drug war

Foreign Affairs - Each of the candidates in Mexico's presidential elections has promised to shift the country's focus from stopping the drug trade to fighting crime, which will not sit well with Washington.

Report says economy will cost PAN the election

EFE - Mexico's poor economic performance since 2000 will seal the defeat of the governing National Action Party, or PAN, in next Sunday's presidential election, a new Center for Economic and Policy Research, or CEPR, report said.

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