As of January 2023, Mexico‘s proved oil reserves totaled 6 billion barrels, including crude oil, lease condensate, natural gas liquids and oil sands. The Southeast Basin, located primarily off Mexico’s southeast coast (formerly known as the Campeche Basin), accounts for 81% of these reserves. Of the remaining reserves,
The Mexico Equity and Income Fund, Inc. evaluated the pros and cons that may impact inflation in Mexico in 2023, considering various sources of information. In 2022, characterized by slower global economic growth and tight financial conditions, Mexico’s Gross Domestic Product (GDP) grew 3.1% year-over-year, seasonally adjusted, in
A high minimum wage policy was one of the main drivers of higher economic activity in Mexico in 2022 over 2021, indicated The Mexico Equity and Income Fund, Inc. As a result, there was an across-the-board increase in average annual real wages of 16% over four years. The
According to the Asociación Nacional de Tiendas de Autoservicio (ANTAD), there are 26 supermarket chains with more than 3,323 stores offering food products throughout the country. In addition, there are 13 department store chains (2,507 stores) and 52 specialty store chains (40,813 units). Supermarket The United States Department
The initiative to reform Mexico‘s Mining Law proposed on March 28 by the administration of President Andres Manuel Lopez Obrador has a key player: Senator Ricardo Monreal, according to an analysis by S&P Global Market Intelligence. Overall, analyst Jose Sevilla-Macip highlights that the proposed changes to the mining
The global genetic testing market has been exponentially gaining widespread attention since the outbreak of the Covid-19 pandemic, noted DNALabs Canada Inc. According to a report published by Brandessence Market Research and Consulting Pvt. Ltd. the global genetic testing market was valued at about $10.8 billion in 2020.