In conjunction with Deloitte, this chapter explores the taxation system and Mexico’s efforts to build an investor-friendly environment. It also contains a viewpoint with Ricardo González Orta, Partner, Deloitte México.…
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
Viewpoint:Ricardo González Orta Economic growth and tackling poverty are two of the most important challenges the government faces. In this regard, the National Development Plan 2019-24 contains three broad priority areas: strengthening the rule of law; ensuring the well-being of the population; and fostering economic development. The plan also addresses three issues that will be prioritised…
Mexico’s GDP growth has slowed in recent years, from 2.3% in 2017 to 2% in 2018, and it is estimated to reach 1.6% in 2019, lower than expected given the economic reforms implemented by former President Enrique Peña Nieto between 2012 and 2018. Although GDP is anticipated to expand by 1.9% in 2020, more needs to be done to create the conditions necessary for recovery. Annual inflation has…
En Español OBG Business Barometer: Mexico CEO Survey Copyright (c). All rights reserved. This survey has been designed to assess business sentiment amongst business leaders (chief executives or equivalent) and their outlook for the next 12 months. Unlike many surveys, the OBG Business Barometer is conducted by OBG staff on a face-to-face basis, across the full range of industries, company sizes…
In English Derechos de Autor del OBG Business Barometer : Mexico CEO Survey. Todos los derechos reservados. Esta encuesta está diseñada para evaluar el clima empresarial existente entre los líderes empresariales (Directores Ejecutivos o cargos similares) y su pronóstico para los próximos doce meses. A diferencia de muchas otras encuestas, el Barómetro de OBG lo realiza el personal de OBG…
In 2017 Mexico’s GDP grew by 1.5%. GDP growth of 2.3% is expected in 2018. The latter compares positively against the projected average of Latin America economies, although it is lower than what was expected from the implementation of the structural reforms described below. Annual inflation rose to 6.77% during 2017, which represented the highest rate recorded in the last 17 years, contributing…
Recent decades have seen a downward trend in corporate taxation, with headline corporate tax rates falling by 20 percentage points since the early 1980s. The average for advanced economies dipped to 22% in 2015, and investment incentives have further reduced effective rates for transnational corporations. After the 2007-08 global financial crisis, many countries had to slash spending and raise…
Viewpoint:Ricardo González Orta During 2017 the economy experienced moderate growth, mainly due to dynamic consumer activity. Despite the fact that GDP is forecast to grow at a rate of 2.3% in 2018, up from 1.5% the previous year, Mexico is set to face some economic challenges in 2018. Trade negotiations between the US and Canada, as well as the federal elections in July 2018, pose uncertainties…
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
