Sunday Sep 29, 2024
Mexico’s Currency Crisis: Projected $20 Billion Shortfall and Economic Uncertainty
As Mexico grapples with a looming foreign currency shortfall of nearly USD 20 billion in 2025, we delve into the implications of the current exchange rate scheme and the potential scenarios outlined by CP Consultora. With significant debt maturities and declining export prices, the economic landscape is fraught with challenges. Additionally, we examine Argentina's alarming poverty statistics and the government's controversial economic policies amid rising discontent. Join us on Simply Economics for a critical analysis of these pressing issues and their impact on citizens' lives.
Sources:
https://www.infobae.com/economia/2024/09/29/estiman-que-el-ano-proximo-faltaran-usd-20000-millones-en-la-economia-los-tres-escenarios-cambiarios-que-proyecta-el-mercado/
https://www.infobae.com/economia/2024/09/29/politica-economica-los-datos-de-pobreza-encendieron-alarmas-pero-el-gobierno-apuesta-al-exito-del-blanqueo-y-negocia-fondos-del-exterior/
Outline:
(00:00:00) Introduction
(00:00:43) They estimate that next year USD 20,000 million will be missing in the economy: the three exchange scenarios that the market projects
(00:03:21) Economic policy: the poverty data lit alarms, but the government is committed to the success of money laundering and negotiates funds from abroad