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**Mexico Headline Inflation Seen Up in November, Core Index to Slow**
- Source: Reuters
- [Link](www.reuters.com)
- Mexico's headline inflation likely accelerated in November, while the core index continued easing. A median forecast projected annual headline inflation at 4.40%, up from 4.26% in October, primarily due to a seasonal increase in electricity prices. Core inflation, excluding volatile food and energy prices, fell to its lowest level since October 2021. Mexico's central bank held its benchmark interest rate at 11.25%, indicating possible rate cuts in 2024.
**A Tipping Point for Mexican Businesses**
- Source: Mexico Daily Post
- [Link](mexicodailypost.com)
- Mexican companies are transitioning from protection measures to a growth mindset as the economy recovers from a slowdown. This involves strategic reviews and considering expansion into markets like the US, Latin America, and Europe. Emphasis is on areas such as talent, culture, and risks including cybersecurity, geopolitics, and sustainability. Corporate governance reforms in Mexico are focusing on board independence and diversity, though progress is slower compared to other regions.
**Tesla's $25,000 Car to be Built at Giga Texas, then Giga Mexico: Elon Musk**
- Source: Teslarati
- [Link](www.teslarati.com)
- Tesla CEO Elon Musk shared plans for the company's next-generation, $25,000 electric vehicle (EV). Initially built in Austin, Texas, the production will then move to the upcoming Giga factory in Nuevo León, Mexico. This strategy suggests Tesla's intention to begin producing the vehicle before the Mexican plant's completion.
**China-Mexico Bilateral Cooperation: A New Chapter**
- Source: BNN Network
- [Link](bnn.network)
- China and Mexico are strengthening bilateral ties, focusing on disaster recovery, drug trafficking, trade, and investment. Recent meetings between their foreign ministers highlight collaborative efforts, including China's aid in Mexico's hurricane recovery and initiatives against synthetic drug trafficking. The relationship is evolving, with China's investment in Mexico rising, reflecting their commitment to deepening economic ties.
**Nuevo León, Sonora and Coahuila, the Best Hosts for Nearshoring**
- Source: Euro.eseuro.com
- [Link](euro.eseuro.com)
- Nearshoring is increasingly important in Mexico, especially in states like Nuevo León, Sonora, and Coahuila. These regions are attracting significant Foreign Direct Investment due to factors like energy security, less bureaucracy, and legal certainty. The nearshoring model benefits from Mexico's proximity to the US and the USMCA, but challenges remain in competing with countries like Vietnam. Efforts are focused on creating a sustainable economic development model in the era of nearshoring.
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