Following the economic crises of the 1980s and 1990s, Mexico implemented a series of liberalising structural reforms, enabling it to become one of the world’s most open, trade-orientated emerging economies. However, the slowdown of the US economy, to which Mexico’s fortunes are closely tied, and the rising uncertainty generated by global trade tensions has affected development. Analysts expect
The country’s potential in this area is highlighted by its rank of 49 out of 140 countries in terms of infrastructure in the “Global Competitiveness Report 2018” published by the World Economic Forum. Despite this, between 2017 and early 2019 the sector faltered due to a slowdown in civil engineering projects and uncertainty about Mexico’s trade relationship with the US. Although uncertainty…
Mauricio Usabiaga, CEO of Su Sazón; Santiago Villanueva, CEO of Grupo Vise; and Benjamín Gutierrez Espíndola, CEO of Cicaba, speak to Oxford Business Group about the competitive advantages of Guanajuato State in terms of investment, industry, agriculture and infrastructure Interview with Mauricio Usabiaga on Industrial Development Interview with Santiago Villanueva on Infrastructure Interview
Mexico’s economy is the second largest in Latin America after Brazil and is ranked 15th in the world in terms of GDP. The IMF forecasts Mexico’s economy will grow by 2.3% in 2018 and 3% in 2019. Against the backdrop of critical national elections and the ongoing renegotiation of the North American Free Trade Agreement, 2018 are 2019 are likely to be a turbulent year for Mexico. In spite of thi
Traditionally a barometer of a Mexico’s economic health, the construction sector saw investment slow in 2017 as a result of a dip in public spending on infrastructure works and uncertainty among private investors over the possible outcome of the renegotiation of the North American Free Trade Agreement (NAFTA). This could further push up the already rising costs of materials brought by the February…
In 2017 Mexico saw record occupancy in real estate. Despite uncertainty surrounding the potential renegotiation of the North American Free Trade Agreement (NAFTA), import duties imposed by the US in May 2018 and the new presidential administration, the sector is expected to remain strong. Competitiveness as a manufacturing hub and job growth are fuelling a hike in demand for residential properties…
Traditionally a barometer of a Mexico’s economic health, the construction sector saw investment slow in 2017 as a result of a dip in public spending on infrastructure works and uncertainty among private investors over the possible outcome of the renegotiation of the North America Free Trade Agreement. This could further push up the already rising costs of materials brought by the February 2018 hike…
Interview :Luis Gutiérrez Guajardo What are the principal drivers of growth in the industrial real estate segment? LUIS GUTIÉRREZ: The growth in industrial parks is driven by two main factors – consumption and the manufacturing industry – which, incidentally, are two of the most important areas for economic growth in Mexico. For the past decade, mass consumption has been the principal…
Tragedy struck in September 2017, when two earthquakes killed hundreds of people and caused billions of dollars of damage to public and private property in Mexico City and the states of Guerrero, México, Morelos, Oaxaca and Puebla. The second, 7.1-magnitude quake on September 19, damaged approximately 40,000 houses and toppled 44 buildings in Mexico City alone. However, repair work and rebuilding…
Mexico’s construction industry is changing gears in 2017. After recording GDP growth of 1.8% in 2016, the sector faces some short-term challenges. Austerity in public sector budgets has reduced the value of infrastructure projects. There are some macroeconomic concerns including the prospect of higher inflation and tighter interest rates. The worry is that demand for building work across the economy…
