How’s the economy in Mexico?
John Venator - Casa de los Venados
I just happened to be reading the Economist Magazine. In Mexico, tourism, which is the engine that drives economic development, is at an all-time high last year. The Mexican stock market is outperforming many countries in the world. The GDP is up. Two major international car companies announced billion dollar plus investments for both companies building more cars for not only the Mexican market but to be exported in the US and elsewhere.The economy as a whole is strong here....
I just happened to be reading the Economist Magazine. In Mexico, tourism, which is the engine that drives economic development, is at an all-time high last year. The Mexican stock market is outperforming many countries in the world. The GDP is up. Two major international car companies announced billion dollar plus investments for both companies building more cars for not only the Mexican market but to be exported in the US and elsewhere.The economy as a whole is strong here. In fact, if you look at the statistics, and this can actually be proved, there are more people in the last two years who are going back to Mexico than there are coming from Mexico to the US. They’re going back to Mexico because the economy is stronger here than in the US. There are jobs here in Mexico, but not in all of Mexico. The states of Guerrero and Chiapas have high unemployment, but overall, the economy in Mexico is strong and growing.
(Popular tourist and expat destination, the white sands of Cancun, Mexico, pictured.)
Posted September 10, 2015
Alberto Alvelais - Alvelais & Asociados
Right now, the value of the Mexican peso is fluctuating relative to the US dollar. I think it’s healthy and natural that the peso is fluctuating. An expensive peso is not convenient for Mexicans, so a cheap peso is better. A less expensive peso brings more economic activity and investment to the country, even though the Mexicans are really angry with a cheap peso because foreign goods will cost more for them to purchase. The macro economy in Mexico...
Right now, the value of the Mexican peso is fluctuating relative to the US dollar. I think it’s healthy and natural that the peso is fluctuating. An expensive peso is not convenient for Mexicans, so a cheap peso is better. A less expensive peso brings more economic activity and investment to the country, even though the Mexicans are really angry with a cheap peso because foreign goods will cost more for them to purchase. The macro economy in Mexico is growing, but the micro economy is not the best. There’s a very big part of the Mexican economy that is working. There’s an informal economy in Mexico and that’s very difficult to control or measure.
How well the Mexican economy does has not really affected those who retire here. Foreign retirees are very happy because with their retirement funds from the US, with which here they live perfectly well because it’s so much cheaper here.
The sector of the Mexican economy I would most recommend for investment is real estate, because it’s quite stable, and the return of investment is very good. Real estate is always one of the safest or I could say one of the sectors with less risk of all investments. Mexicans will tend to hold on to real estate much longer than let’s say Americans, so if there’s an economic downturn, they will tend to hold on to it. Also Mexicans will own real estate with much less leverage than Americans, which also helps to stabilize real estate prices. Could be, yes. I agree with that.
(Caribbean beach on the Riviera Maya, Yucatan, Mexico, pictured.)
Posted May 16, 2016
David Schwendeman - Mexlend
The economy in Mexico is excellent. I believe in the past 5 years we’ve consistently been among the top economic leaders throughout Latin America. Mexico is booming right now. This includes sectors such as real estate development, natural resources, mining, wind farms, alternative energy, financial services, entertainment, etc. It’s just an incredible time to be here. The drivers for growth in Mexico are stable, solid, and all indicators...
The economy in Mexico is excellent. I believe in the past 5 years we’ve consistently been among the top economic leaders throughout Latin America. Mexico is booming right now. This includes sectors such as real estate development, natural resources, mining, wind farms, alternative energy, financial services, entertainment, etc. It’s just an incredible time to be here. The drivers for growth in Mexico are stable, solid, and all indicators point to continued success going forward.
(Mining town, Santa Rosalia, Baja Mexico Sur, Mexico, pictured.)
Posted June 13, 2016
Tom Leonard - Hotel Perico
The overall economy of Mexico right now is pretty good. I read online that for the first few months of 2017, Mexico had one of the fastest growing economies in the world. The economy would be even stronger if there were less corruption, especially with big companies. Mexico is heading in the direction of less corruption. They're trying to, but it takes a while.
There are a lot of questions on how Trump's...
The overall economy of Mexico right now is pretty good. I read online that for the first few months of 2017, Mexico had one of the fastest growing economies in the world. The economy would be even stronger if there were less corruption, especially with big companies. Mexico is heading in the direction of less corruption. They're trying to, but it takes a while.
There are a lot of questions on how Trump's presidency would affect Mexico's growth especially about taxes and the building of a wall, but I haven't noticed much of a change in how these political issues affecting Mexico's economy right now.
(Volkswagen Beetle plant, Puebla, Mexico,pictured.)
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Posted July 24, 2017