Economy & Finance
Reuters - Mexican industrial output rose in August versus the previous month at the fastest pace in six months as construction and manufacturing strengthened, welcome news as growth sputters in Latin America's no. 2 economy.
The Economist - In the hallowed name of the middle class, Mexico’s politicians have been doing a lot of huffing and puffing lately. The source is the president’s plan to raise income tax on salaries over $38,000. If only the middle class were so lucky.
Reuters - Mexico's government is willing to adjust parts of a proposed tax overhaul that aims to boost the country's poor tax take by revising unpopular levies on schooling and mortgages, the head of the ruling Institutional Revolutionary Party (PRI) said on Wednesday.
Reuters - The International Monetary Fund slashed its 2013 growth outlook for Mexico on Tuesday after a weaker-than-expected first part of the year, while it dialed back expectations for growth in Brazil next year.
Reuters - Mexico's finance minister urged the United States on Tuesday to reach an agreement on raising its debt ceiling, saying a failure to do so could seriously damage financial markets and the global economy.
Reuters - Mexico's plan to become the first major oil-producing emerging economy to introduce a carbon tax has a problem: It clashes head-on with the government's ambitions to lower the cost of electricity and boost energy output.
Forbes - Mexico’s oil sector is set to begin a radical transformation. How big could these oil reforms be for Mexico’s economy? “This will be the most significant change in Mexico’s economic policy in 100 years,” says Duncan Wood of the Woodrow Wilson Center.
Reuters - Mexico's manufacturing sector stagnated in September, underscoring weak growth after a slump this year at the factories of Latin America's second-biggest economy, a survey showed on Tuesday.
McClatchy - Why are Mexican migrants living in the United States sending less money home to their relatives? If you believe it is because of the economic slowdown, you are partly right. But experts identify other reasons.
El Economista - Experts consulted by the Bank of Mexico say the outlook for the country's economy is more severe than the federal government predicts. Analysts slashed to 1.43 percent growth expectations for this year from 1.78 percent.