Global Scans · Mexico · Weekly Summary

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WHAT'S NEXT?: Mexico's economy and status with the U.S. faces uncertain times as a result of Donald Trump's recent election as America's next president. The impacts of Donald Trump's pre-election threats are already being felt by Mexico's economy and may have unforeseen consequences for both nations.

• Commercial Service is already tracking and preparing initiatives to support U.S. hydrogen companies to connect them as early as possible with opportunities in Mexico as they become available in the coming years. International Trade Administration | Trade.gov
• New Mexico has plans for tabletop-exercises with local officials that will include discussion of deepfakes. CNN
• One of the utilities that works in Texas and New Mexico is forecasting that they are going to need to build something like 5 to 10 GW of new power generation to be able to serve the growing need in that area. Texas Standard
• Sierra Metals has recently had several new key discoveries and still has many more exciting brownfield exploration opportunities in Peru and Mexico that are within close proximity to the existing mines. MarketScreener
• Aid will facilitate increased onward movements between countries of the in-transit population for 105,000 immigrants in Colombia, 25,000 in Brazil, 13,000 in Panama, and 3,700 in Mexico, to name a few places. Coherent Publishing
• The number of people encountered at the border between the U.S. and Mexico last month is expected to have exceeded 300,000, an all-time historic high. Yahoo News
• Latin America, including countries like Brazil, Mexico, and Argentina, presents growth opportunities fueled by industrial growth, infrastructure development, and investments in renewable energy and healthcare sectors. InvestorsObserver
• Several governments, including Canada, Japan, Mexico, and the United Kingdom, have made statements to increase public understanding of the dangers of climate change and the harmful effects of fossil fuel emissions on the ecosystem. SpringerLink
• As analysts expect global growth to be led by other robust consumer markets, including India, Mexico, and certain parts of Africa, which are experiencing rapid growth and promising sustained sales in the long term, the Redmond, Washington-based giant appears better positioned. investing.com
• As the second-largest economy in Latin America and a premier trading partner with the United States, Mexico will continue to benefit from nearshoring trends. Global Health Intelligence
• In addition to climate problems, the functioning of the Panama Canal could be threatened by the tightening of relations between the US and Latin American countries, mainly due to the growing migration crisis on the border between Mexico and the US. Eurasia Review
• New plantations might take root in southern China, for instance, or on the northern coast of the Gulf of Mexico. The Economist
• Political polarization is another area Sefiani believes will impact brands as democracy faces its 'biggest test', with over four billion people voting in upcoming elections held in the United States, India, Indonesia, the United Kingdom, Pakistan, Bangladesh, Mexico, and the European Union. AMI
• Major garment exporting countries in the Americas, such as Mexico, Honduras and El Salvador, have all witnessed a rise in political risk over the last five years - a trend that is also seen in seven of the eight largest garment manufacturers outside of China. Yahoo Life
• Climate change, highlighted by 18% of respondents, may be a non-mover year-on-year at the seventh most prominent perceived risk, but is among the top three business risks in countries such as Brazil, Greece, Italy, Mexico and Turkey. Engineering News
• Recent challenges in the Panama Canal and the Red Sea will drive export companies to explore new options, including Mexico with the CIIT. Visit-Mexico.mx
• Fears of widespread job losses articulated in Ross Perot's jeremiad that NAFTA would lead to a giant sucking sound from employment shifting from the US to Mexico were wildly misplaced. Wilson Center
• Chevron will record an impairment to a portion of its US upstream assets, primarily in California, and take losses related to oil and gas production assets sold in the US Gulf of Mexico. businesslive
• Billions are expected to vote in elections in 2024 - including for the EU Parliament, India, Mexico, South Africa, Pakistan, the UK and the US - but fears are mounting that mis - and disinformation could undermine the democratic voting process and lead to civil unrest. Global Trade Review (GTR)
• National elections will be held in the United States, India, Indonesia, Russia, the United Kingdom, Pakistan, Bangladesh, Taiwan, Mexico, and South Africa to name just a few. The Conversation
• IA Cement expect a modest increase in 2024 cement demand, as growth in Mexico and Brazil is offset by a decline in Argentina. World Cement
• Option 2: Increase State Revenues: Ahead of an election year, Mexico is currently facing a high deficit, now projected at 4.9% of its GDP, in part to pay for ambitious new social programs and territorial development projects. The Diplomat
• The mainline ocean services will be complemented by a global network of dedicated shuttles centered around owned and / or controlled transshipment hubs - thereof 14 shuttle services in Europe, 4 in the Middle East, 13 in Asia and 1 in the Gulf of Mexico. EuropaWire.eu

Last updated: 06 February 2024