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
International commodity prices registered a mixed behavior, with episodes of volatility, during the second quarter of 2022, referred the Bank of Mexico (Banxico). To begin with, oil prices registered an upward trend from April to mid-June, due to factors that limited supply, such as the sanctions imposed on
Japanese exports did not contribute to Japan‘s gross domestic product (GDP) growth in the second quarter of 2022. In Japan, economic activity rebounded during the second quarter of 2022, growing at a seasonally adjusted quarterly rate of 0.5% after remaining virtually unchanged in the first quarter of the
Interest rates in Mexico have been affected by continued disruptions in the global supply chain, the adverse effects of the Russia–Ukraine conflict-including volatile oil and gas prices and disruption in global financial markets-and the blockade imposed on some Chinese provinces in response to the resurgence of Covid-19. All