Mexico

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.

[New] The California-based company expects to perform the first suborbital tests of a prototype of its centrifugal system for launching small satellites later in 2021 from New Mexico.
[New] SpinLaunch expects to perform the first suborbital tests of a prototype of its centrifugal system for launching small satellites later in 2021 from New Mexico.
[New] In order to support nuclear-warhead modernization projects, the United States currently plans to produce 80 pits per year by 2030 at two sites: Los Alamos National Laboratory in New Mexico and the Savannah River Site in South Carolina.
[New] Wines from new regions will emerge from places travellers dreamed of going in 2020 including Moldova, Croatia, Hungary, Morocco, Lebanon, South Africa and even Mexico.
[New] Mexico should ask whether the Biden administration will be committed to trilateral coordination with Mexico and Canada if it imposes a major COVID-19 lockdown in the spring of 2021 that shuts down significant parts of the U.S. economy and limits the flow of goods to Mexico and Canada.
A single 600 MW Gulf of Mexico offshore wind project commissioned in 2030 could support 4,470 jobs and create $445m in GDP during construction, and 150 jobs and $14m in GDP annually during operation.
Total remittances to Mexico will reach $40 billion by the end of the year.
Wines from new regions will emerge from places travelers dreamed of going in 2020 including Moldova, Croatia, Hungary, Morocco, Lebanon, South Africa and even Mexico.
Stubbornly high inflation in Mexico may prevent further monetary policy easing, while we would not be surprised to see rate hikes in Brazil in 2021 to combat inflation.
In an ironic turn of events, Mexico is making a hedging profit just as the OPEC + deal the Latin American country walked away from earlier in 2020 is threatened by infighting over production levels.
RMS estimates insured losses from Delta in Mexico to amount to less than $500 million, while the cat risk modeller estimates that insured losses to offshore platforms, rigs, and pipelines in the Gulf of Mexico will not exceed $1 billion from wind and wave-driven damages.
In New Mexico - where economists have projected a nearly $1 billion budget deficit - Democratic Gov. Michelle Lujan Grisham's administration has urged state agencies to cut spending by 5% through next year.
Global competitiveness is key to the U.S. dairy industry's continued growth and the United States must take a proactive approach in developing market access opportunities that allow U.S. products to compete on a level playing field.
Under the IRENA Transforming Energy Scenario, Mexico's GDP could grow by an average of 1.1% per year from now until 2030 and by an average of 6.3% per year from 2030 until 2050, compared to the Planned Energy Scenario.
Mexico's economy is expected to contract by about 9% in 2020, and the U.S. economy is expected to contract by about 4%.
Around 75% of Mexico's oil and gas producing wells are mature, and the cost to keep them pumping could exceed $3 billion from 2021 to 2023.
As around 75% of Mexico's oil and gas producing wells are ageing, intervention activities should remain resilient in the years ahead, likely surpassing $3 billion from 2021 to 2023, a Rystad Energy analysis shows.
Mexico's Pacific Coast could see more than one natural gas export project being developed in the coming years as Asian markets increase their appetite for imports of cheap and reliable U.S. gas via the shortest transport route possible.
Yesway plans to grow its portfolio to over 500 convenience stores in selected regions of the United States over the next several years.
Remittances to Mexico add up to nearly USD $30 billion in the first 9 months of the year, and it is estimated that they will close 2020 with an accumulated amount of USD $40 billion.
The construction sector in many emerging economies will see a double-digit contraction in 2020, notably Turkey, Mexico and Brazil, as they enter a deep recession and face financing issues.
In the long-term, the Mexico Imports of Petroleum - Gasoline is projected to trend around 545.18 BARRELS/DAY THO in 2021 and 545.20 BARRELS/DAY THO in 2022.

Last updated: 12 January 2021

Mexico

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