Simply Economics, from Mexico

Fungus Festival Boosts Oaxaca’s Economy, Global Housing Crisis Hits Middle Class

The Festival Cultural del Hongo reactivates tourist influx and economy of Oaxaca. The global housing crisis suffocates the middle class worldwide. Stay informed about the positive impact of cultural festivals on local economies and the pressing issue of affordable housing on Simply Economics.Sources:https://sucedioenoaxaca.com/2024/09/14/festival-cultural-del-hongo-reactivo-afluencia-turistica-y-economia-de-oaxaca/https://elpais.com/economia/2024-09-15/la-crisis-global-de-la-vivienda-ahoga-a-las-clases-medias.htmlOutline:(00:00:00) Introduction(00:00:37) Fungus Cultural Festival reactivated tourist influx and economy of Oaxaca(00:02:54) The global housing crisis drowns the middle classes

Ministry of Economy Unifies Activity Regime, Global Housing Crisis Hits Middle Class

The Ministry of Economy creates a common activity regime for all regions in Spain, promoting a cohesive market environment. Meanwhile, the global housing crisis suffocates the middle class, with skyrocketing prices and limited solutions. Stay informed about the economic implications of these developments on Simply Economics.Sources:https://www.logisticaprofesional.com/texto-diario/mostrar/4995076/ministerio-economia-creara-regimen-actividad-comun-todas-regioneshttps://elpais.com/economia/2024-09-15/la-crisis-global-de-la-vivienda-ahoga-a-las-clases-medias.htmlOutline:(00:00:00) Introduction(00:00:42) The Ministry of Economy will create a common activity regime for all regions(00:03:38) The global housing crisis drowns the middle classes

Private Sector Drives Economic Development in Yucatán, Cultural Festival Boosts Oaxaca’s Economy

Ermilo Barrera appointed as head of Economics in Yucatán, Mexico, in collaboration with the private sector. The Festival Cultural del Hongo attracts tourists and generates economic impact in Oaxaca. Learn about the potential impact of private-public partnerships on economic growth in Yucatán and the significance of cultural festivals in driving tourism and economic development in Oaxaca.Sources:https://www.24-horas.mx/2024/09/13/sector-privado-impulsa-a-ermilo-barrera-como-titular-de-economia-en-yucatan/https://agenciaoaxacamx.com/festival-cultural-del-hongo-reactiva-afluencia-turistica-y-economia-de-oaxaca/Outline:(00:00:00) Introduction(00:00:42) Private sector drives Ermilo Barrera as head of Economics in Yucatán(00:03:57) Cultural Festival of the reactive fungus tourist influx and economy of Oaxaca

Latino GDP Surpasses India, Spain Proposes Virtual Autonomous Community

The GDP of Latinos in the United States steps on the heels of Germany, while the Spanish government proposes the creation of a virtual autonomous community. Discover the economic power of the Latino community and its contribution to the US economy. Explore the potential impact of Spain's innovative proposal to reduce bureaucracy and streamline licensing processes. Stay informed about the economic achievements of Latinos and the challenges and opportunities of implementing a virtual autonomous community.Sources:https://elpais.com/us/economia/2024-09-13/el-pib-de-los-latinos-en-estados-unidos-pisa-los-talones-al-de-alemania.htmlhttps://elpais.com/economia/2024-09-13/el-gobierno-propone-crear-la-comunidad-autonoma-18-una-region-virtual-para-reducir-burocracia.htmlOutline:(00:00:00) Introduction(00:00:42) The GDP of Latinos in the United States steps on the heels of Germany(00:02:38) The Government proposes to create the Autonomous Community 18, a virtual region to reduce bureaucracy

Boost in Sales Expected for Mexican Businesses, ECB Monetary Policy Meeting

Economy festivals will reactivate local businesses in Mexico. The ECB is set to hold its monetary policy meeting with anticipation of an interest rate cut. Stay informed about the economic dynamics in Mexico and the potential impact of the ECB's decision on the eurozone economy.Sources:https://meridiano.mx/2024/09/11/reactivaran-fiestas-patrias-la-economia/https://www.infobae.com/espana/agencias/2024/09/11/temas-del-dia-de-efe-economia-del-jueves-12-de-septiembre-de-2024/Outline:(00:00:00) Introduction(00:00:32) Economy festivals will reactivate(00:02:09) EFE DAY TOPICS on Thursday, September 12, 2024

Mexico Approves Smart Permits System, Inditex Reports Strong Financial Results

Mexico's Chamber of Deputies approves a groundbreaking proposal for a smart permits system. Inditex, the Spanish multinational clothing company, reports impressive financial results. Stay informed about the latest developments in Mexico's investment processes and the performance of one of the world's leading retail companies on Simply Economics.Sources:https://www.economia.gob.cl/2024/09/10/comision-de-economia-de-la-camara-de-diputadas-y-diputados-aprueba-proyecto-que-crea-el-sistema-inteligente-de-permisos.htmhttps://www.infobae.com/america/agencias/2024/09/11/economia-inditex-gana-2768-millones-en-su-primer-semestre-un-101-mas-y-eleva-un-72-ventas-hasta-18065-millones/Outline:(00:00:00) Introduction(00:00:43) Economy Commission of the Chamber of Deputies and Deputies approves a project that creates the smart permits system - Ministry of Economy, Promotion and Tourism(00:03:18) Economy-Inditex wins 2,768 million in its first semester, 10.1% more, and raises 7.2% sales, up to 18,065 million

Draghi Report: Proposals to Boost European Competitiveness, Mexico’s Role in Semiconductor Industry

Discover the radiography and proposals to recover European competitiveness in the highly anticipated 'Draghi Report'. Explore the potential economic impact of Mexico's involvement in the semiconductor industry. Gain valuable insights into the challenges and opportunities for Europe and Mexico's economies. Stay informed about the latest developments in global markets on Simply Economics.Sources:https://elpais.com/expres/2024-09-10/claves-del-informe-draghi-radiografia-y-propuestas-para-recuperar-la-competitividad-europea.htmlhttps://www.elfinanciero.com.mx/opinion/jeanette-leyva/2024/09/09/los-chips-uniran-a-mexico-y-eu/Outline:(00:00:00) Introduction(00:00:38) Keys of the ‘Draghi Report’: Radiography and proposals to recover European competitiveness(00:02:34) The ‘chips’ will join Mexico and the US

Mexico’s Growing Semiconductor Industry, Germany’s Economic Slowdown

The 'chips' will join Mexico and the US as they discuss establishing a semiconductor value chain in Mexico. Germany borders a recession, raising concerns for Europe's economy. Gain valuable insights into the potential economic impact of Mexico's semiconductor industry and the challenges facing Germany's economy. Stay informed about the future of technology and economic development in Mexico, as well as the implications of Germany's economic slowdown on global markets.Sources:https://www.elfinanciero.com.mx/opinion/jeanette-leyva/2024/09/09/los-chips-uniran-a-mexico-y-eu/https://www.lavanguardia.com/economia/20240908/9922522/alemania-bordea-recesion-crisis-amenaza-gran-industria.htmlOutline:(00:00:00) Introduction(00:00:39) The ‘chips’ will join Mexico and the US(00:02:52) Germany borders the recession in a crisis that threatens the great industry

Economic Dynamism Reduces Poverty in Mexico, Potential Recession Looms

The dynamism of the economy during the Cuarta Transformación in Mexico has led to a reduction in poverty and inequality. However, the approval of judicial reforms and weakening US economy could potentially push Mexico into a recession. Gain valuable insights into the positive impact of economic growth in Mexico and the potential risks and challenges the country is facing. Stay informed about the current economic landscape and its implications for the region's future on Simply Economics.Sources:https://www.imagenradio.com.mx/dinamismo-de-la-economia-redujo-la-pobreza-durante-la-4t-lopez-obradorhttps://elpais.com/mexico/economia/2024-09-07/gabriela-siller-economista-si-se-aprueba-la-reforma-al-poder-judicial-es-muy-posible-una-recesion-en-mexico.htmlOutline:(00:00:00) Introduction(00:00:41) Dynamism of the economy reduced poverty during the 4T: López(00:03:39) Gabriela Siller, economist: "If the reform of the Judiciary is approved, a recession in Mexico is very possible"

Slowdown in Mexican Formal Employment, Vietnam’s Market Economy Progress

Formal employment in Mexico grows at a lower pace in 40 months. Efforts to improve market economy with socialist guidance continue in Vietnam. Stay informed about the challenges faced by the Mexican labor market and the progress of Vietnam's economy on Simply Economics.Sources:https://www.elfinanciero.com.mx/economia/2024/09/06/empleo-formal-en-mexico-crece-a-menor-ritmo-en-40-meses/https://vovworld.vn/es-ES/content/MTE1NzI3OA==.vovOutline:(00:00:00) Introduction(00:00:37) Formal employment in Mexico grows at a lower pace in 40 months(00:02:59) Efforts to improve market economy with socialist guidance continue