Can Mexico turbocharge pandemic nearshoring by US firms?

Date: February 18, 2022

Source: Aljazeera

Mexico City, Mexico – The CEO of the United States Business Association of E-Commerce (USBAEC), Tayde Aburto, has a message for the Mexican government: Encourage more US firms to move businesses they have offshored to China and Southeast Asia closer to home.

“Some of our members have been successfully nearshoring to Mexico for several years,” Aburto told Al Jazeera. “About 5 percent of our members had taken up nearshoring prior to the pandemic.”

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Remittances to Mexico soar during Covid pandemic

Date: Jan. 26, 2022

Source: NBC News

COMACHUÉN, Mexico — Mexico’s remittances — the money Mexican immigrants in the U.S. and other countries send home to their relatives — have soared in the past two years, and are now expected to top $50 billion for the first time once 2021′s figures are added up. That would surpass almost all other sources of Mexico’s foreign income.

But as happy as the Mexican government is about the news — it calls the migrants “heroes” — the boom raises questions: Will Mexicans always have to emigrate? And is it sustainable, or just blip fueled in part by U.S. government pandemic support payments?

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Mexico’s confirmed coronavirus death toll nears 299,000

12/27/2021

Source: Reuters

Mexico’s health ministry reported 3,719 additional cases of coronavirus infections and 107 more fatalities on Sunday, bringing the total number of confirmed cases to 3,951,003 and the death toll from the pandemic to 298,777.

Sunday’s figures included data gathered over the course of two days. The health ministry did not publish a formal report on the latest COVID-19 developments on Saturday.

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Middle class declines by 6.3 million people due to pandemic, says INEGI

11/12/2021

Source: Mexico News Daily

The size of Mexico’s middle class shrank by 6.3 million people between 2018 and 2020 due to the economic impact of the coronavirus pandemic, according to the national statistics agency INEGI.

The middle class was made up of 53.5 million people in 2018 but the number declined to 47.2 million last year, according to INEGI estimates based on data collected by the National Income and Household Spending Survey (ENIGH). The figures include adult and child members of middle class families.

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U.S.-Mexico border reopens after 20 months of COVID shutdown

Source: Reuters

TIJUANA/CIUDAD JUAREZ, Mexico, Nov 8 (Reuters) – There were fewer crossings at the Mexico-United States border than expected on Monday as it reopened to nonessential travel following a 20-month closure due to the COVID-19 pandemic, with many residents staying home to avoid potential chaos.

Reporting by Lizbeth Diaz in Tijuana and Jose Luis Gonzalez in Ciudad Juarez Additional reporting by Cassandra Garrison in Mexico City Editing by Jonathan Oatis and Matthew Lewis.

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In Heart of Mexico City, Tourists Embrace Day of the Dead Celebrations

Source: US News

MEXICO CITY (Reuters) – Foreign tourists and Mexicans taking part in Day of the Dead celebrations flocked to downtown Mexico City on Monday, drawn by elaborate offerings to the departed.

Visitors peered at large altars decorated with chocolate skulls, fruit and freshly-cut marigolds around Zocalo Plaza, Mexico City’s bustling main square built near the ruins of the Aztec Empire’s most holy temples.

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Despite pandemic, Michoacán braces for influx of Day of the Dead tourists

10/29/2021

Source: Mexico News Daily

Despite the ongoing pandemic, at least 250,000 tourists are expected to travel to Michoacán for Day of the Dead celebrations.

The municipalities of Pátzcuaro, Tzintzuntzan, Erongarícuaro and Quiroga are preparing for an influx of visitors, according to the newspaper Milenio.

The state government said that strict health measures will be in place to prevent the spread of the coronavirus at cemeteries that are popular with Day of the Dead tourists.

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Mexico City death toll passes 50,000 as nationwide vaccination rate hits 50%

10/18/2021

Source: Mexico News Daily

Mexico City’s official COVID-19 death toll passed 50,000 on Thursday, although the real number of fatalities is almost certainly much higher.

An additional 70 deaths were reported in the capital on Thursday, lifting its pandemic total to 50,063. Another 38 fatalities were registered on Friday, increasing Mexico City’s total number of pandemic deaths to to 50,101.

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COVID roundup: 7,697 new cases reported on Wednesday

Source: Mexico News Daily

Mexico’s accumulated coronavirus case tally increased by 7,697 on Wednesday to just under 3.7 million, while the official COVID-19 death toll rose by 713 to 280,607.

There are 47,944 estimated active cases, a 0.8% increase compared to Tuesday.

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Mexico’s Cancun airport passes pre-pandemic tourism mark

Source: AP News

Mexico passed a milestone of sorts in September when the airport at the country’s biggest coastal resort, Cancun, surpassed pre-pandemic levels of passengers.

The Airports of the Southeast group, which runs the terminal at the Caribbean coast resort, said Wednesday it handled 1.66 million passengers in Cancun in September, 4.4% percent more than in the same month of 2019.

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