Tangled web of corruption debilitates Mexico

IPS - Although Mexico has signed several multilateral anti-corruption agreements, so far these instruments have yielded few concrete results in combating the rampant bribery, extortion and embezzlement, according to experts.

Mexico looks at rival Brazil and rues its fate

McClatchy Newspapers - The two most populous nations of Latin America have long jockeyed for hemispheric clout. Yet as Brazil became the world's sixth largest economy, its sustained economic rise has left Mexico - at No. 13 - feeling marginalized.

Inflation cools to six-month low in April

Dow Jones - Mexico's consumer prices fell in April as expected, with annual inflation hitting a six-month low and giving the central bank more room to cut rates if turbulence in financial markets eases.

Consumer confidence rises to 4-year high

Reuters - Mexican consumer confidence jumped more than expected in April to its highest in four years, suggesting the domestic economy was still expanding despite some signs of slowing global growth.

Mexico leaves rate on hold at 4.5 percent

Bloomberg - Mexico’s central bank kept its benchmark interest rate unchanged at a record low of 4.5 percent for the 26th consecutive meeting after inflation slowed and the outlook for economic growth improved.

S&P report says election impact on banks is low

Reuters - With Mexico's presidential election less than three months away, the country's banking industry seems to be on solid footing, despite the volatility in international markets, said a Standard & Poor's Ratings Services article.

Open economy brings rewards to Mexico

Financial Times - Over the past couple of decades, Mexico has not only fulfilled its promise as one of the world’s leading exporting nations, it has also diversified its range of products and export markets.

Hacienda predicts 3.8% expansion in 2013

El Financiero - Mexico’s Finance Ministry forecast the economy will expand 3.8 percent in 2013 and crude oil will sell for an average $87.2 per barrel next year. The ministry estimates the peso will average 12.80 per dollar.

Consumer confidence is weaker than expected in March

Reuters - Mexican consumer confidence unexpectedly weakened in March, dipping to its lowest since the end of last year. Adjusted for seasonal factors, the index fell to 93.8 from 93.9 in February, pushing it to the lowest since December.

IMF report says Mexico resilient but vulnerable

International Monetary Fund - Mexico’s financial system proved resilient during the first wave of the global financial crisis, but authorities will need to remain vigilant given the risk of spillovers from global shocks, the IMF said in a new report.

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