2019 Mexico Forecast: Doing Business in Mexico

Franklin discusses:

1.) Overall economic status

Mexico’s economic freedom score is 64.8, making its economy the 63rd freest in the 2018 Index.

Mexico is ranked 12th among 32 countries in the Americas
region, and its overall score is above the regional and world averages.

(More text follows the video below)

2.) Economic outlook

Economic growth rate of 2.2% in 2018

IMF puts its 2019 economic growth outlook for Mexico at 2.7%

As a comparison, the GDP growth rate for the USA is expected to remain between the 2 to 3% for 2019

3.) Foreign direct investment

Mexico is one of the emerging countries most open to foreign direct investment, the world’s fifteenth largest FDI recipient.

39.1% from USA
15.4% from Spain
8.8% from Germany
7.1% from Canada
5.9% Japan

4.) Stability of Mexican PESO

The Mexican peso is forecasted to fall between 18.00 MXN / USD to 20.00 MXN / USD in 2019

5.) Effects on business by New government Dec 1, 2018 and new USMCA trade deal formerly known as NAFTA

Lopez Obrador, is scheduled to take office on Dec. 1, 2018

President Obrador and his prospective cabinet have subsequently sought to calm fears surrounding the incoming administration’s economic plans.

(Reuters article)

6.) Workforce observations

Mexico is producing STEM graduates at a higher rate per capita than the US

There is a significant increase in bilingual employees available

Presented by Franklin D Frith II - General Manager / Principal for Human Resources Mexico S de RL (www.payrollmexico.com)

The Most Trusted PEO in Mexico. The PEO used by the Global PEO / International PEO and Employer of Record.