January 24, 2020
1. PwC: Mexico no longer one of the 10 most attractive countries for investors
According to a PwC survey conducted annually to 1,538 global investors, Mexico is no longer one of the 10 most attractive countries to invest in 2020, having placed 9th in 2019. Business leaders surveyed identified populism, political and economic uncertainty as the primary risks facing the Mexican economy.
The survey presented at the opening of the World Economic Forum in Davos, Switzerland contains pessimistic data on global economic performance, since 53% of respondents believe that global economic growth will slow down in 2020. This edition’s top 10 most attractive markets for investment were comprised of the United States, China, Germany, India, United Kingdom, Australia, Japan, France, Brazil and Canada.
2. Central American migrants cross Mexico heading to the U.S.
As a result of the development of a new migrant caravan that left Honduras on January 15th, the Mexican government activated security devices to contain the entry of migrants on the Guatemalan border in the states of Tabasco and Chiapas. The security measures were applauded by U.S. Secretary of State Mike Pompeo.
Despite the confrontation on January 20th between the National Guard and a group of migrants, which resulted in arrests and deportations of caravan members to their respective countries, migrants have taken advantage of the low level of the Suchiate River to enter Mexico and reach the United States. Mexican authorities have made changes to its immigration policy and have begun to restrict the passage of Central Americans.
3. Secretary of Economy participates in the Davos World Economic Forum
As part of the activities at the World Economic Forum in Davos, Economy Secretary Graciela Márquez Colín participated in the “Strategic Perspectives of Mexico,” panel moderated by Alicia Bárcena, General Secretary of the Economic Commission for Latin America and the Caribbean (CEPAL).
She presented investors and global leaders with a look at the strengths and challenges facing the Mexican economy. She also participated in two meetings at the ministerial level of the World Trade Organization, in which she reaffirmed Mexico’s commitment to initiate negotiations on investment facilities in order to work towards an ambitious outcome at the next Ministerial Conference of the WTO (MC12), to be held in June of this year in Nursultan, Kazakstan.
4. Acquisition of Mexico’s presidential plane was bad business since the beginning
Following the expensive and complicated process of selling the presidential aircraft “José María Morelos TP-01,” a Boeing 787-8 Dreamliner delivered in 2009, one of the López Obrador administration’s campaign pledges, it has become widely known that the acquisition of this aircraft was a bad deal. This comes from recent statements by the President of Mexico who proposed, among other options, a raffle of the plane.
Since 2015, a study carried out by Ascend Flightglobal Consultancy, commissioned by the National Bank of Public Works and Services, said that the sale of the presidential aircraft “José María Morelos TP-01” would represent a loss of USD $137 million over the plane’s original USD $218.7 million dollars price tag.
5. Mexican Secretary of Health reacts to coronavirus outbreak
Due to the outbreak of a new coronavirus that allegedly emerged in a market in Wuhan, China, and has infected more than 900 people and killed at least 26 globally, the World Health Organization has decided it is “too soon” to declare an international emergency.
In Mexico, Secretary of Health, Jorge Alcocer, said that health authorities are prepared for the outbreak of the coronavirus and announced that a possible case is being followed up in a patient from Tamaulipas, who recently traveled to Wuhan, China, identified as the origin of the virus. After these statements, suspicions of infections have arisen in other states of Mexico