Wednesday, July 17, 2024

March 3, 2023 – JefferyGroup




The Bank of Mexico (Banxico) reported that, given the decline in economic activity in the United States and inflation still on the rise in the world, Mexico is expected to grow 1.6% this year, a decrease of 0.2% from the previous estimate. Placement

Meanwhile, the National Institute of Statistics and Geography (INEGI) reported that the unemployment rate during January stood at 3%, showing a slight increase compared to December’s level, which reached 2.8%.

El Financiero: Banxico da ‘tjeretazo’ a pronostico de crescimiento for 2023 and 2024,
Forbes: Samples cost 3% enro in Mexico,

President Andres Manuel López Obrador and businessman Elon Musk confirmed the opening of Tesla’s first plant in Nuevo León with an investment of about $10 billion dollars. The company has assured that recycled water will be used in the manufacturing process so that the population is not affected in view of the shortage in the state.

Similarly, DHL Express Mexico CEO Antonio Aranez revealed that the company will invest $1 billion pesos to meet the needs of the new facility at Felipe Angeles International Airport (AIFA). The executive highlighted the country’s ability to meet the challenges and create opportunities as well as create jobs in the sector.

Information: Tesla installs GigaFabric in Mexico, AMLO confirms millenorrhea reversal,
BBC: Tesla will enter Mexico: Las ventajas del pais para ser el mayor fabricante de autos electricos de America Latina,
El Economista: DHL begins operations at AIFA; Reversal announcement for 1,000 million pesos,

The government of Mexico City published the Circular Economy Law in the Official Gazette, making it the first body to legislate in this area. The legislation aims to spur economic growth and create new jobs as well as actions that address climate change through waste reuse, recycling and remanufacturing of solid waste in the value chain.

Professional organizations such as the National Chamber of the Cosmetic Products Industry (CANIPEC) highlight the role of legislators in considering a variety of voices to form opinions that integrate multiple experiences and good practices in the sector.,

Improvement: Promulgan la Ley de Economía circular,
Contrareplica: Palomen Le de Economia Circular de la CDMX,
Expansion: What is the Law of Economy Circular approved for the Congress of the CDMX?

The Official Gazette of the Federation (DOF) published various amendments to the so-called Plan B of electoral reform, which, among other things, restructured the National Electoral Institute (INE). In order to give continuity to the contemplated changes, INE removed from office the former Executive Secretary, Edmundo Jacobo Molina.

Despite the changes, the published decree specifies that the reforms will not apply to the electoral processes of Coahuila and the State of Mexico scheduled for June 2023, however, they will guide the development of the presidential elections in 2024. ,

Information: Pre-Campaign: Delfina Gomez and Alejandra del Moral Midon Fuerzas en Texcoco,
El Economista: INE Akata “Plan B”; It presents Juicy before Edmundo Jacobo and TEPJF,

Some 90,000 people took to the streets to express their dissatisfaction with electoral reforms that threaten the country’s democracy and to call on the Supreme Court of Justice to invalidate the so-called Plan B electoral. Besides Mexico City, these rallies also took place in other states, such as the State of Mexico, Tamaulipas, Nuevo León, as well as outside the country.

Recently, The Economist published the Democracy Index, in which for the second year in a row, Mexico lost several places and ranked 86th out of 167 countries. The attacks on the media and the concentration of power within the federal executive are among the reasons for this setback.

El Financiero: Marca por el ene: 90 million person ‘Abarrotan’ in the Zócalo de la Ciudad de México,
El Economista: Gobierno y Aerolineas Pacton Traslado de Transport de Caraga al AIFA: AMLO,
Expansion: The Economist: Mexico regresses in democracy index,