Mexico Weekly - Report on Mexico Business Outlook:Half Time Reflections and Expectations
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This year’s Mexico Business Outlook brought together business persons, diplomats, economists, politicians, academics and industry experts from finance, infrastructure and energy, banking and reinsurance. It was also open to Mexican Chamber of Commerce members and non-members. The collective aim was to reflect on achievements and challenges experienced in the first half of 2015. This then led on to discussions that focused on expectations and opportunities going forward.
A Warm Welcome
After a warm welcome by Graham Wedlake, Partner in the Finance Group at Mayer Brown International, Ambassador Diego Gomez-Pickering provided an official introduction.
Ambassador Gomez Pickering recalled that, despite slower growth in the Latin American region generally (see IMF Report here), Mexico was bucking the trend and was experiencing a relatively favourable outlook with growth expected at around 3%.
Energy reform: Will Mexico's newest revolution boost renewables - or just fossil fuels?
June 2nd, 2015
Will the breakup of Mexico’s decades-old monopolies and the arrival of new oil, gas and power players lead to renewed growth and investment across the economy?
Today, the general perception is that NAFTA didn't deliver on its promise, and that Mexico needs a self-sufficient economy to move forward. Tijuana offers one potential avenue for economic growth, through a 21st century approach to North American free trade.
The Mexican government’s decision to bow to pressure from a dissident teachers’ union ahead of midterm elections that the president admits are a referendum on his rule is a political gamble that could undermine, not boost, its battered credibility.
Mexico's Peso falls to record as U.S. jobs sink emerging markets
June 5, 2015
Mexico’s peso dropped to its weakest level since its 1993 revaluation after a jump in U.S. payrolls bolstered bets the Federal Reserve will raise interest rates and sink demand for emerging-market assets.
Despite President Pena Nieto's promises to restore peace in Mexico, these elections have proved otherwise. They have been some of the most violent in recent history.
Mexico keeps key rate at record low of 3% after forecasts cut
June 4th, 2015
Mexico’s central bank kept borrowing costs unchanged at a record low for an eighth straight meeting after reducing its growth forecast for Latin America’s second-biggest economy.
Kidzania London will open its doors on Thursday, June 25th 2015
May 19, 2015
Built over the course of one year the 75,000sq ft. child-size city is the equivalent in size to Leicester Square, with the ceiling height of Heathrow Terminal Five, able to welcome up to 1,700 visitors at any one time, KidZania London is forecast to welcome an incredible one million guests in its first year.