Tag Archives: Economy

Roma and Condesa two years later

Today as we write is September 19, 2019 and two years ago on this date our building jumped up in the air when a massive earthquake struck Mexico City.  The city’s devastating 1985 earthquake also struck on September 19.  It’s not like we’re superstitious or anything, but, uh, just to be on the safe side the municipal government conducted a city-wide earthquake drill at 10:00 a.m. this morning.  Granted, we had a drill on the morning of the earthquake two years ago, and we all made jokes and went back to work, then a couple hours later we were stumbling around on the street with broken glass and concrete dust all over us.  So far, today, so good. Continue reading Roma and Condesa two years later

Media goes ga ga for bright future in Mexico

Lookin' good
Lookin' good

As we have crabbed before in this space, for the longest time it seemed like all you ever saw in the press about Mexico was nasty news about drug trafficking violence.  But at some point in 2012, it was like a new memo went out (and maybe one did), and all of a sudden stories started popping up about Mexico’s economic progress, bright future, and flashy manufacturing industries.  It’s not like our problems have gone away – they certainly have not – but it is nice to see something more positive in the media for once.  After a while we started collecting these stories to enjoy time and time again, so we thought we’d share them so that you can enjoy them as much as we have.

Go on, have a look.  Let’s savor our spell in the golden light of favor while it lasts: Continue reading Media goes ga ga for bright future in Mexico

Thoughts on the Mexican economy at year’s end

el-nopalAs 2009 draws to a close, Mexico, like many countries, will be happy to see the back of this year.  Not only did 2009 see the worst economic decline in decades, but the steep recession was exacerbated by the outbreak of the H1N1 flu in April, which had a devastating effect on tourism and, to a lesser degree, business travel.  Mexico’s deep economic integration with the United States is a key motor for the economy, and as a result, the contraction of demand for vehicles and other durable goods in the U.S.A. hit Mexico’s productive sector hard.  The first two quarters of the year were practically catastrophic, as the precipitous dropoff in demand for vehicles led to layoffs and temporary plant closings in Mexico’s large vehicle manufacturing industry.  Tourism, hit by the one-two punch of the slumping U.S. economy and then the flu outbreak in April, is showing tepid signs of recovery, but the sector is still expected to close the year approximately 20% below 2008 levels.

The good news is that for the moment, the worst appears to have passed.  Continue reading Thoughts on the Mexican economy at year’s end