Agreement Reached on Minimum Wage Increase

Mexico's GDP grew 2.1% annually in September, but the economy's two main drivers, investment and private consumption, show persistent decline. Analysts link this to political uncertainty and protectionism.

New sanctions aim to fully block the assets and property of designated individuals, prohibiting any financial transactions with them. This decision is part of efforts to ensure compliance with international norms.

Mexico's government, businesses, and labor unions agreed to a 13% increase in the general minimum wage and 5% in the border zone. President Claudia Sheinbaum stated this will not cause inflation, and a bill to reduce the workweek to 40 hours was introduced.

Government circles in Mexico are witnessing fierce competition for the coordinating role between Claudia Sheinbaum and the business elite, with figures like Francisco Cervantes and Altagracia Gómes at the center of a power struggle affecting the cabinet.