Mexico Economic Research Highlights

Economic Research & Views - Mexico

Latin America remains a key focus of China’s Belt and Road Initiative

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As part of efforts to build more resilient global supply chains, Chinese investment in Latin America and the Caribbean under the decade-old Belt and Road Initiative (BRI) is continuing to drive major infrastructure projects and fuel trade. Since its inception in 2013 the BRI has played an important role in powering global economic growth, with emerging markets exporting raw materials to the country and importing refined products in return. However, the country’s transition from a manufacturing-driven economy...

Emerging markets invest in film media to extend their global reach

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As audiences return to entertainment in physical venues following the Covid-19 pandemic, several emerging markets are looking to film and media to diversify economic revenue streams and extend their cultural reach abroad. Global cinema box office revenue saw a strong upswing in the first quarter of 2023, with the year’s gross revenue set to reach $32bn. While still 20% below the annual average recorded in the 2017-19 period, the figures show that the industry is well on its way to recovery...

Demographic and tech shifts alter the distribution of global talent

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As the global economy continues to adapt to ongoing macroeconomic shocks, many countries are looking to boost human capital through training programmes, technology adoption and immigration. Following key shifts in labour trends resulting from the Covid-19 pandemic, such as the switch to remote work and acute labour shortages in a number of developed economies, countries are re-evaluating how to foster a skilled workforce to facilitate sustainable future expansion. Population projections see growth...

The growth trajectory of religious tourism in key markets

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With many emerging markets diversifying their tourism offerings, faith-based tourism is set to become a key segment for a number of markets worldwide. An estimated 330m people travel for religious reasons each year, according to the UN Word Tourism Organisation, forming a significant market for countries with attractions of spiritual or sacred value. These trips include pilgrimages as well as sightseeing trips to important historical and religious sites throughout the year. Additionally, a 2017 study reported that some...

Free ad-supported television poised to grow share of emerging market viewers

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As emerging markets expand internet access and younger generations adopt different habits of consuming global media and entertainment, free ad-supported television (FAST) is poised to gain market share as viewers transition from traditional cable, broadcast or satellite television to over-the-top (OTT) internet-based platforms. US tech giant Google announced two weeks ago that it was seeking to become the leading FAST channel aggregator by adding Tubi, Plex and Haystack News to its existing FAST...

How digital banking is transforming access to finance in Latin America and the Caribbean

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Despite wider economic challenges such as inflation and supply chain disruptions, digital banks and neobanks are continuing to attract new customers and accelerate financial inclusion in Latin America and the Caribbean. Neobanks use apps, software and other technologies to operate exclusively through digital platforms. They are usually limited to bank accounts and cards because they often lack credit institution licences, while digital banks offer the full suite of traditional banking services online...

Shifting oil market creates export opportunities for emerging markets producers

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With EU bans on Russian oil and oil-product exports set to go into effect this year in response to Russia’s ongoing war in Ukraine, emerging market producers are poised to gain larger shares of an evolving market. EU bans against Russian oil products such as diesel were rolled out earlier this month, following bans on Russian seaborne crude oil exports that began last December. Last week, Patrick Pouyanné, CEO of France’s TotalEnergies, said that there is...

Global CEO Survey: What is on the horizon for emerging markets?

While the recovery period following the Covid-19 pandemic saw the unlocking of major capital in emerging markets, inflationary pressures, fluctuating commodity prices and geopolitical concerns have since tempered the global economic outlook for 2023. Balancing opportunity and risk has become a priority for shareholders and investors, but emerging markets have remained resilient. Some regions, such as the Gulf, are looking to funnel elevated hydrocarbons revenue into sustainable mega-projects, whereas leaders in Asia...

The emerging supply chains for lithium in Latin America

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With the success of the energy transition closely tied to the ability to store solar and wind power, battery manufacturers are zeroing in on Latin America’s so-called lithium triangle of Argentina, Bolivia and Chile. These three countries alone contain 52m, or 53%, of the 98m tonnes of global lithium reserves, according to the US Geological Survey. In late January Germany’s Chancellor Olaf Scholz visited Argentina and Chile to secure lithium supply for carmakers Mercedes-Benz Group and Volkswagen to..