Mexico Update: September 2019

Mexico Map
September 04, 2019

Want to learn more about Mexico's economy? Trying to keep abreast of changes in the U.S.-Mexico trade relationship and the economic environment for our nearest neighbor to the south? Browse research and news the AZMEX team recommends this quarter.

Research on the Mexican economy and U.S.-Mexico trade

The Mexico Economic Update from the Federal Reserve Bank of Dallas is available. Check out the latest high-frequency data for the Mexico economy which showed that Q2 2019 GDP expanded 0.4%, after 0.7% contraction in Q1 2019. 

The Arizona-Mexico Commission released a new informational website: usmcanow.org. It has a wealth of resources focusing on the importance of USMCA for Arizona trade. Also, visit the Mexico Institute research website at the Wilson Center for up-to-date coverage on the USMCA ratification process. There is also this USMCA commentary from the Peterson Institute for International Economics, and even more USMCA commentary from the University of Texas at El Paso Border Region Modeling Project.

Don’t miss the latest IMF World Economic Outlook including forecasts for Mexico! This outlook confirms that global economic activity "remains subdued". The OECD also released a current Mexico Economic Snapshot.

The Second Quarter 2019 issue of the Mexico Consensus Economic Forecast (Volume 22, Number 2) can now be downloaded for free from UTEP’s Digital Commons website. This report's consensus GDP growth forecast was revised down to 1.43 percent growth in 2019 with almost no rebound in 2020; exports and imports are both projected to weaken in 2019.

The July issue of the Borderplex Business Barometer (Volume 3, Number 7) is also available for free from UTEP’s Digital Commons website. The report summarizes recent economic trends in El Paso, Las Cruces, and Ciudad Juárez.

Update on the Tomato Suspension Agreement: The U.S. Department of Commerce announced a new Suspension Agreement on Fresh Tomatoes from Mexico on August 21, 2019. This new agreement comes after the Department of Commerce terminated the 2013 Suspension Agreement on the Fresh Tomatoes from Mexico in May 2019, resulting in continuation of its anti-dumping investigation.

 

Mexico in the News

Border crossings at Arizona ports of entry down from last year

Arizona & Mexico Town Hall will explore cross-border trade and investment

Despite tariff agreement on tomatoes, inspection requirement could drive up costs and snarl border traffic

Leaders from Arizona and Sonora meet to strengthen political and economic bonds

Last-minute deal struck in Mexican tomato standoff

U.S. and Mexico settle tomato squabble to stave off tariffs, shortage

5 of the world’s biggest economies are at risk of recession

The surprising economics of Latino immigration

Senior Mexican lawmaker calls for tax on purchases from Amazon, Uber, other digital platforms

‘I’ve got other numbers!’ Debate rages over recession in Mexico