Episodes
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The escalating violence from drug trafficking in Sinaloa has led to a staggering economic collapse, with losses estimated at 625 million pesos and thousands of jobs lost. This episode examines the dire consequences of the drug war on local businesses and the community, highlighting the urgent need for government intervention and potential solutions. Join us on Simply Economics as we uncover the intersection of crime and economic stability in this critical situation.Sources:https://www.infobae.com/economia/2024/10/20/cuentas-remuneradas-en-dolares-como-funcionan-y-por-que-se-ajustan-al-plan-del-gobierno-de-la-economia-bimonetaria/https://www.yucatan.com.mx/mexico/2024/10/19/narcoguerra-en-sinaloa-colapsa-economia-625-mil-millones-perdidos-empresarios-preocupados.htmlOutline:(00:00:00) Introduction(00:00:43) Interest-bearing accounts in dollars: how they work and why they fit the government's plan for the bimonetary economy(00:03:33) Drug war in Sinaloa collapses the economy: 625 billion lost; "We are worried"
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The upcoming review of the T-MEC agreement marks a crucial moment for Mexico's economy, with trade officials from Canada and the U.S. gathering to discuss Mexico's role as 'the factory of North America.' We explore the implications for local industries, job creation, and economic growth. Additionally, Octavio de la Torre, President of CONCANACO SERVYTUR, emphasizes the importance of formal employment and legislative action to enhance social security. Join us on Simply Economics for insights into how these developments could shape the future of Mexico's economy.Sources:https://www.milenio.com/videos/negocios/revision-t-mec-comenzara-miercoles-anuncia-secretaria-economiahttps://newsweekespanol.com/2024/10/18/la-confederacion-es-un-aliado-estrategico-solido-y-comprometido-con-la-economia-y-el-bienestar-de-mexico-octavio-de-la-torre/Outline:(00:00:00) Introduction(00:00:41) USMCA review to begin next Wednesday: Economy(00:03:08) The Confederation is a strategic, solid ally committed to the economy and well-being of Mexico: Octavio de la Torre
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Missing episodes?
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As the review of the United States-Mexico-Canada Agreement (USMCA) kicks off, we analyze its potential impact on Mexico's economy and trade relations. With key discussions on rules of origin and the shifting geopolitical landscape, this episode explores how Mexico could emerge as a manufacturing hub in North America. Additionally, we hear from Iván Rivas, Secretary of Economy for Nuevo León, who expresses confidence in the continued export of vehicles to the U.S. despite looming tariff threats. Join us for a comprehensive look at the opportunities and challenges facing Mexico in this pivotal moment.Sources:https://www.milenio.com/negocios/revision-del-t-mec-inicia-el-proximo-miercoles-economiahttps://www.eleconomista.com.mx/estados/ivan-rivas-confia-continuara-exportacion-vehiculos-mexico-estados-unidos-20241017-730498.htmlOutline:(00:00:00) Introduction(00:00:41) USMCA review begins next Wednesday: Economy(00:03:14) Iván Rivas is confident that the export of vehicles from Mexico to the United States will continue
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In a compelling address, Argentina's Economy Minister Luis Caputo calls on entrepreneurs to invest in the country, emphasizing the importance of trust in President Javier Milei's administration. This episode delves into the current economic climate, the challenges of declining construction and manufacturing sectors, and the political dynamics at play. Tune in to Simply Economics for insights into how investment confidence could influence Argentina's path to recovery.Sources:https://revistaespejo.com/2024/10/16/el-fmi-explica-la-desaceleracion-de-la-actividad-economica-en-mexico/https://elpais.com/argentina/2024-10-17/el-ministro-de-economia-argentino-pide-a-los-empresarios-que-confien-en-milei-e-inviertan-en-el-pais.htmlOutline:(00:00:00) Introduction(00:00:42) The IMF explains the slowdown in economic activity in Mexico(00:04:04) Argentina's Economy Minister asks businessmen to trust Milei and invest in the country
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In a transformative move, President Claudia Sheinbaum redefines the relationship between the Mexican government and the private sector, promising a collaborative approach and $20 billion in investments for 2025. This episode explores the implications of her conciliatory stance on Mexico's economic future, particularly in light of recent judicial reforms and challenges in the energy sector. Join us for an insightful analysis of how this shift could reshape investor confidence and economic policy in Mexico.Sources:https://elpais.com/mexico/economia/2024-10-16/del-son-parte-de-la-corrupcion-al-no-hay-nada-que-temer-sheinbaum-cambia-la-narrativa-en-la-relacion-con-los-empresarios.htmlhttps://forbes.com.mx/gobierno-de-sheinbaum-anuncia-inversiones-por-20000-mdd-en-2025/Outline:(00:00:00) Introduction(00:00:44) Sheinbaum changes the narrative in the relationship with businessmen: from "they are part of the corruption" to "there is nothing to fear"(00:03:10) Sheinbaum government announces investments of 20,000 million dollars in 2025
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The Mexican Ministry of Economy unveils a bold plan to boost investments across all 32 states through the creation of 'Corredores del Bienestar.' This initiative aims to enhance regional development and job creation, reflecting President Claudia Sheinbaum's vision of shared prosperity. Meanwhile, Bolivia grapples with road blockages that threaten the economy of its poorest citizens, as rising prices for essential goods highlight the impact of political unrest. Join us on Simply Economics for an in-depth analysis of these pivotal developments shaping the economic landscape in Mexico and Bolivia.Sources:https://es-us.finanzas.yahoo.com/noticias/ministerio-econom%C3%ADa-presenta-plan-impulsar-235903713.htmlhttps://www.infobae.com/america/agencias/2024/10/14/el-gobierno-boliviano-dice-que-bloqueos-de-vias-afectan-a-la-economia-de-los-mas-pobres/Outline:(00:00:00) Introduction(00:00:44) Ministry of Economy presents plan to promote investments in the 32 states of Mexico(00:03:43) The Bolivian government says that road blockages affect the "economy of the poorest"
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In this episode, we examine the alarming 27% gap between official and parallel dollar exchange rates in Venezuela, a situation that is fueling inflation and public unrest. As consumers resist paying the parallel rate, merchants find themselves in a precarious position, caught between government regulations and rising prices. We delve into the human impact of these economic challenges and explore the grassroots movements emerging in response. Join us on Simply Economics for a deep dive into Venezuela's complex economic landscape and the lessons it offers to other nations facing similar struggles.Sources:https://elpais.com/america/2024-10-14/la-brecha-cambiaria-con-el-dolar-se-dispara-en-venezuela-y-enfrenta-a-clientes-y-comerciantes.htmlhttps://polemon.mx/amlo-dejo-a-sheinbaum-economia-al-alza-e-inflacion-a-la-baja/Outline:(00:00:00) Introduction(00:00:38) The exchange gap with the dollar shoots in Venezuela and faces customers and merchants(00:02:54) AMLO left Sheinbaum economy and downward inflation
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In this episode, we explore the significant impact of immigration on the US economy, debunking myths surrounding job loss and highlighting the contributions of migrants to growth. We also discuss the insights of Cecilia Alemany from UN Women on how investing in comprehensive care systems can enhance quality of life and boost national economies in Latin America and the Caribbean. Join us for a critical analysis of these pressing economic issues.Sources:https://pulsoslp.com.mx/mundo/impacto-de-la-inmigracion-en-la-economia/1856965https://efeminista.com/cecilia-alemany-cuidados-calidad-vida-economia/Outline:(00:00:00) Introduction(00:00:43) Impact of immigration on the US economy(00:02:06) Cecilia Alemany: Investing in care improves the quality of life and economy of countries
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As Mexico embarks on a new chapter with President Claudia Sheinbaum, experts discuss the uncertainty surrounding the country's economic future. Join us as we analyze potential scenarios impacting investors and everyday citizens, including the peso's decline and stock market volatility. Additionally, we delve into the Bank of Mexico's recent interest rate cut amid ongoing economic weakness, highlighting the implications for productive activity and consumer demand. Tune in to Simply Economics for essential insights into navigating this complex economic landscape.Sources:https://cnnespanol.cnn.com/video/mexico-economia-presidente-claudia-sheinbaum-incertidumbre-jorse-amato-globoeconomia-tvhttps://revistaespejo.com/2024/10/11/actividad-productiva-nacional-atraviesa-por-un-periodo-de-debilidad-reconoce-banxico/Outline:(00:00:00) Introduction(00:00:43) There is uncertainty about how Mexico's economy will be in the government of Sheinbaum, says expert(00:05:32) "National productive activity is going through a period of weakness," says Banxico
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The Bank of Mexico warns of a weakening economy, with a bleak outlook for 2024 and 2025. Meanwhile, the government faces challenges with gasoline subsidies that may hinder fiscal deficit reduction efforts. Join us for an in-depth analysis of these critical economic issues and their implications for the future of Mexico's economy.Sources:https://forbes.com.mx/economia-mexicana-atraviesa-por-periodo-de-debilidad-banxico/https://forbes.com.mx/subsidios-a-gasolinas-alejan-meta-de-reduccion-de-deficit-fiscal-citibanamex/Outline:(00:00:00) Introduction(00:00:43) Mexican economy is going through a period of weakness: Banxico(00:03:47) Gasoline subsidies move away fiscal deficit reduction target: Citibanamex
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In this episode, we discuss Mexico's potential to increase exports to the United States by $14.8 billion as the U.S. shifts its import reliance from China. We explore the implications of nearshoring for Mexico's economy and key sectors like semiconductors and communications equipment. Additionally, we highlight Sinaloa's initiative to support small entrepreneurs, particularly women, in boosting local economies. Join us on Simply Economics for insights into these transformative developments in trade and entrepreneurship.Sources:https://www.eleconomista.com.mx/empresas/economia-ve-espacio-elevar-ventas-eu-14-802-millones-dolares-20241010-729444.htmlhttps://www.milenio.com/estados/sinaloa-apoya-a-pequenos-empresarios-activar-economiaOutline:(00:00:00) Introduction(00:00:42) Economy sees space to raise sales to US at 14,802 million dollars(00:03:56) Sinaloa supports small entrepreneurs to activate economy
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In this episode, we explore the International Monetary Fund's projections that Mexico could surpass Russia in GDP by 2025, potentially entering the ranks of the world's top 10 economies. We discuss the implications of this shift for investment opportunities and trade relations, as well as the challenges Mexico faces amidst global tensions. Additionally, we analyze the current economic downturn in Mexico, marked by stagnant investment and rising unemployment, and the urgent need for policy reform to stimulate growth and equity. Join us on Simply Economics for a deep dive into these critical economic narratives.Sources:https://www.eluniversal.com.mx/cartera/mexico-tendra-una-economia-mas-grande-que-rusia-lo-mas-probable-es-que-si-segun-el-fmi/https://lajornadasanluis.com.mx/opinion/la-economia-nacional-continua-en-su-tendencia-decreciente/Outline:(00:00:00) Introduction(00:00:40) Will Mexico have a bigger economy than Russia?, Most likely, according to the IMF(00:03:07) The national economy continues in its decreasing tendency
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In this episode, we address the alarming youth unemployment crisis in Mexico, where young people aged 15 to 29 are disproportionately affected despite the country’s overall low unemployment rates. With over 843,000 young individuals losing their jobs, we analyze the effectiveness of government initiatives like 'Jóvenes Construyendo el Futuro' and discuss urgent policy changes needed to empower the next generation. Additionally, we cover Banxico's revised GDP growth forecast for 2024, highlighting the implications of a potential economic slowdown and its impact on inflation and stability. Join us on Simply Economics for a comprehensive look at these pressing issues.Sources:https://elpais.com/mexico/economia/2024-10-08/los-jovenes-en-mexico-son-los-mas-perjudicados-por-el-desempleo.htmlhttps://latinus.us/economia/2024/10/7/banxico-pronostica-un-cierre-de-la-economia-en-2024-por-debajo-del-potencial-125462.htmlOutline:(00:00:00) Introduction(00:00:41) Banxico forecasts a closure of the economy in 2024 below the potential
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In this episode, we explore Mexico's urgent need to enhance investment incentives to compete with the robust support systems in the U.S. and Canada. We analyze the implications of recent U.S. and Canadian policies on Mexico's economy and employment landscape. Additionally, we discuss the struggles of small businesses in Spain, which are facing declining productivity and rising labor costs despite overall economic growth. We delve into the potential impacts of proposed work hour reductions on these vital enterprises and what measures can be taken to ensure their survival and competitiveness.Sources:https://www.eleconomista.com.mx/empresas/mexico-le-urge-aumentar-incentivos-inversion-20241006-728900.htmlhttps://elpais.com/economia/2024-10-07/las-pequenas-empresas-alertan-de-que-el-crecimiento-economico-les-da-la-espalda-y-vuelven-a-cargar-contra-la-reduccion-de-jornada.htmlOutline:(00:00:00) Introduction(00:00:43) Mexico is urgent to increase incentives for investment:(00:03:41) Small businesses alert that economic growth turns their backs on them and they return to the reduction of working hours
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Marcelo Ebrard Casaubon announces a groundbreaking parity cabinet in the Ministry of Economy, with equal representation of men and women in leadership roles. This episode examines the significance of these appointments for gender equality and economic policy in Mexico. We discuss the qualifications of the new leaders and the potential impact on future governance. Tune in to Simply Economics for a timely analysis of this important development in Mexico's economic landscape.Sources:https://contralinea.com.mx/interno/semana/la-economia-de-mexico-esta-fuerte-gracias-al-humanismo-mexicano-sheinbaum/https://latinus.us/mexico/2024/10/4/marcelo-ebrard-presenta-un-gabinete-paritario-en-la-secretaria-de-economia-125251.htmlOutline:(00:00:00) Introduction(00:00:41) Mexico's economy is strong thanks to Mexican humanism: Sheinbaum(00:02:29) Marcelo Ebrard presents a parity cabinet in the Ministry of Economy
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In this episode, we explore Japan's new Prime Minister Shigeru Ishiba's commitment to restoring public trust and addressing economic concerns in his inaugural address. With a focus on rising costs and geopolitical tensions, Ishiba outlines his strategies for a secure and prosperous Japan. We also discuss Gerardo Esquivel's endorsement of a minimum wage increase proposal in Mexico, examining its implications for workers and the economy. Join us on Simply Economics for insights into these pivotal developments shaping the future of Japan and Mexico.Sources:https://www.infobae.com/america/agencias/2024/10/04/ishiba-promete-aliviar-la-ansiedad-publica-ante-la-economia-y-la-seguridad-global/https://www.eleconomista.com.mx/economia/incrementar-salario-minimo-2-5-veces-canasta-basica-razonable-gerardo-esquivel-20241003-728581.htmlOutline:(00:00:00) Introduction(00:00:43) Ishiba promises to relieve public anxiety in the face of global economy and security(00:03:06) Increase minimum wage to 2.5 times the basic basket is "reasonable": Gerardo Esquivel
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In this episode, we discuss the Mexican Ministry of Economy's decision to impose provisional countervailing duties of up to 17.99% on Chinese shoe imports to protect the national industry. With over 50 million pairs of shoes flooding the market, this move aims to restore fair competition and recover lost jobs. We also explore Argentina's economic outlook for 2025, highlighting the risks of extreme weather, political instability, and soaring inflation rates. Join us on Simply Economics for a deep dive into these pressing economic issues affecting Mexico and Argentina.Sources:https://ovaciones.com/economia-impone-cuotas-compensatorias-de-hasta-17-99-a-importaciones-chinas/https://www.infobae.com/economia/2024/10/03/economia-2025-los-3-riesgos-que-enfrentara-la-argentina-y-la-proyeccion-de-inflacion-segun-un-banco-internacional/Outline:(00:00:00) Introduction(00:00:45) Economy imposes compensatory quotas of up to 17.99% on Chinese imports(00:03:39) Economy 2025: The 3 risks that Argentina will face and the projection of inflation, according to an international bank
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As President Claudia Sheinbaum confronts significant public finance challenges in Mexico, we analyze the implications of her administration's economic strategies. With growth rates stagnating and a pressing need for tax reform, our episode will delve into the upcoming economic forecasts and the 2025 Economic Package. We will also explore the potential impact of these financial decisions on the daily lives of Mexicans and the broader economic landscape.Sources:https://www.eleconomista.com.mx/podcasts/retos-materia-finanzas-publicas-presidenta-claudia-sheinbaum-20241001-728222.htmlhttps://cnnespanol.cnn.com/video/eeuu-impacto-economia-huelga-trabajadores-portuarios-salario-cnn-dinero-tvOutline:(00:00:00) Introduction(00:00:41) The challenges in public finance matters for President Claudia Sheinbaum
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As Claudia Sheinbaum assumes the presidency of Mexico, we examine the complex economic, educational, and health challenges she faces. Our analysis includes nine critical graphics that highlight the current state of the nation, from high informal employment rates to alarming healthcare access issues. Additionally, we discuss the urgent need for the incoming government to tackle economic uncertainty, as highlighted by Citibanamex's recent report. Join us on Simply Economics for an in-depth look at the pressing issues that will shape Mexico's future under new leadership.Sources:https://elpais.com/mexico/2024-10-01/que-pais-recibe-sheinbaum-nueve-graficos-sobre-economia-violencia-educacion-y-salud-en-mexico.htmlhttps://www.eleconomista.com.mx/sectorfinanciero/disminuir-elevada-incertidumbre-economica-principal-desafio-gobierno-entrante-citibanamex-20240930-728078.htmlOutline:(00:00:00) Introduction(00:00:42) What country does Sheinbaum receive? Nine graphics on economics, violence, education and health in Mexico(00:03:12) Decrease the high economic uncertainty, main challenge of the incoming government: Citibanamex
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As Dra. Claudia Sheinbaum takes the helm of Mexico's presidency, we explore the current state of the economy and the significant challenges she faces, including inflation, employment, and foreign investment. This episode provides insights into the pressing economic issues that will shape her administration and the implications for everyday Mexicans. Join us on Simply Economics for a comprehensive analysis of the economic landscape under new leadership.Sources:https://elpais.com/mexico/2024-09-30/estado-actual-y-retos-de-la-economia-mexicana-frente-al-nuevo-gobierno.htmlhttps://queretaro.quadratin.com.mx/por-que-la-economia-de-mexico-no-alcanzo-el-6-prometido-por-amlo/Outline:(00:00:00) Introduction(00:00:43) Current status and challenges of the Mexican economy against the new government(00:03:32) Why did the economy of Mexico not reach 6% promised by AMLO?
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