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Last updateFri, 24 Nov 2017 8am

Weak peso not all bad news for Mexico

It may not be music to the ears of the U.S. president-elect, but Mexican exports rose to their highest level ever in November, fueled by the weak peso.

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Exports jumped by 11.1 percent and the country registered its first trade surplus since February 2015.

While the weak peso has caused plenty of macroeconomic uncertainty  – interest rates and inflation predominantly affected – there have been positives, especially in the tourism sector. Some analysts suggest the weak peso could attract a record number of tourists to Mexico in 2017.

According to Moody’s latest report, Mexico’s tourism activity is outpacing economic growth, a trend likely to continue in 2017. And  industry data indicates there seems to be no slow down in the number of baby boomers relocating to Mexico.

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