The United Nations Conference on Trade and Development (UNCTAD) recommended reducing speed limits for cars and trucks. Nearly 60% of the world’s oil supply is consumed by the transportation sector. In the short term, according to UNCTAD, demand can be reduced by lowering speed limits on cars and
The dispute settlement provisions of the North American Free Trade Agreement (NAFTA) are found in Chapter 11 (Investment), Chapter 19 (Review and Settlement of Antidumping and Countervailing Duty Disputes) and Chapter 20 (State-to-State Dispute Settlement). During 2021, there were a total of nine pending Chapter 11 cases filed,
Spending on social development programs, such as education, public health and social security, totaled 3 trillion 071.3 billion pesos in Mexico during 2021. With this, this spending represents 59.9% of total programmable spending. On the other hand, economic development spending totaled 1 trillion 600,300 million pesos, representing 31.2%
Global inflation continued to increase, in some cases more than expected, reaching once again the highest levels in decades in several of the main economies. The Bank of Mexico (Banxico) stated that inflationary pressures have spread to a greater number of items, in addition to high energy and
World economic activity weakened during the second quarter of 2022, informed the Bank of Mexico (Banxico) in its quarterly report released on Wednesday. Mainly, the sluggishness of world economic activity is due to the continuation of the economic effects derived from the war conflict between Russia and Ukraine;
From 2017 to 2021, Mexico‘s spending dedicated to servicing public debt, in nominal peso-denominated terms, increased by 28.9%, an average of 6.7% per year. According to the Mexican government, this increase was mainly due to an increase in interest rates. In particular, from 2020 to 2021, Mexico’s expenditures