While Latin America as a whole has struggled to extend the growth and productivity gains it made in the early 2010s, it still remains an appealing and dynamic region to do business. However, the onset of Covid-19 in early 2020 added another layer of complexity to ongoing efforts to improve business environments, from Baja California to Buenos Aires. Although government responses in the region…
Si bien América Latina no ha podido extender el crecimiento y las ganancias de productividad que había logrado a principios de la década de 2010, sigue siendo una región atractiva y dinámica para hacer negocios. Sin embargo, la aparición de Covid-19 a principios de 2020 añadió otro nivel de complejidad a los esfuerzos en curso para mejorar el entorno empresarial, desde Baja California hasta…
En Español Despite predictions of a significant fall as a result of Covid-19, remittances into some Latin American countries have actually increased following the outbreak of the coronavirus pandemic. In the first six months of the year remittances to Mexico totalled $19.1bn, a year-on-year (y-o-y) increase of 10.4%, according to Banco de México, the central bank. This included a record monthly…
En Español While Mexico’s economy is beingbadly hit by Covid-19, the US-Mexico-Canada Agreement (USMCA) – and, in particular, new intellectual property (IP) laws – could potentially boost the long-term prospects of its industrial and pharmaceutical sectors. On July 1 the USMCA replaced the North American Free Trade Agreement (NAFTA) as the framework governing trade between the…
In just a few months, the global economy has been forced to adapt to a new normal. While this has created challenges, it has also accelerated certain trends such as digitalisation and the Mexican economy is no exception. As the largest trade partner of the US and a key player in global value chains, the benefits from both public and private investment in smart technologies are numerous. In this report,…
En Español Covid-19 has had a significant impact on the Latin American residential real estate market, with the economic slowdown and increased investor uncertainty serving to dampengrowth in the short term. Nevertheless, the pandemic has stimulated demand for both rental properties and accommodation with outdoor space, while also accelerating the digitalisation of the industry and boosting…
En Español ‘Nearshoring’ – whereby companies shift their offshore production capacities closer to home – is experiencing significant growth in Latin America amid the coronavirus pandemic. As OBG has detailed, supply chain disruption created by the pandemic has led many multinational companies to rethink their production operations. Even prior to Covid-19, a ‘China+1’ strategy…
En Español The coronavirus pandemic has disrupted supply chains around the world, giving rise to systemic challenges in a range of global industries. However, thesituation is also creating opportunities in some countries such as Mexico, whose medical supply sector is going through the initial stages of a significant expansion. While the Mexican medical device industry represents just…
On emerging from a crisis in a position of strength To what extent is Mexico’s industrial sector well positioned to withstand the global economic challenges that have resulted from the Covid-19 pandemic? MARTIN TOSCANO: Immediately after the effects and extent of the Covid-19 pandemic became apparent, and when it became clear that restrictions on economic activity would need to be introduced,…
En Español Following a coronavirus-related fall in crudeprices, oil-producing nations have sought to calm global markets by announcing a significant production cut, with Mexico standing to benefit from a special dispensation in output after striking a deal with the US. As of April 15, Mexico, the world’s 10th-most populouscountry, had recorded 5847cases and 449deaths…
