Mexico Update: September, 2019

Sept. 4, 2019
By George W. Hammond, research professor and director of the Economic and Business Research Center
EBRC

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