{"id":593411,"date":"2023-10-06T17:30:00","date_gmt":"2023-10-06T14:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/will-mexico-seize-the-moment-and-capitalize-on-nearshoring\/"},"modified":"2023-10-06T17:30:00","modified_gmt":"2023-10-06T14:30:00","slug":"will-mexico-seize-the-moment-and-capitalize-on-nearshoring","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/will-mexico-seize-the-moment-and-capitalize-on-nearshoring\/","title":{"rendered":"#Will Mexico seize the moment and capitalize on nearshoring?"},"content":{"rendered":"

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This year has not been good for most emerging economies that have felt the impact of rising\u00a0interest rates<\/a>, a\u00a0slowdown in the global economy<\/a>\u00a0and a\u00a0firm U.S. dollar<\/a>. Amid this, Mexico is an outlier: Its economy has fared better than expected and its stock market has outperformed other emerging economies.\u00a0<\/p>\n

The Mexican peso has also been one of the\u00a0world\u2019s strongest currencies<\/a>, app<\/a>reciating by 15 percent versus the dollar over the past 12 months. The peso has been supported by the Bank of Mexico maintaining a\u00a0policy rate of 11.25 percent<\/a>, which is well above the country\u2019s inflation rate of 5 percent.\u00a0 Increased remittances from the U.S. have also tipped Mexico\u2019s current account into surplus providing added support for the currency.\u00a0<\/p>\n