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IMF now predicts Mexico’s economy will grow 1.5% this year

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The International Monetary Fund (IMF) revised its projections for Mexico’s economic growth on Friday to 1.5% in 2026 and 1.8% in 2027, following a strong second-quarter economic performance, just three months after the organization had lowered this year’s growth forecast to 1.2%.  Achieving the forecasted economic growth will depend on Mexico making a greater effort to reduce its debt through fiscal consolidation, according to the IMF, which warned that growth will likely remain constrained by external uncertainties.  IMF lowers its Mexican growth forecast, citing ‘uncertainties’ and Mideast conflict The recent revision follows an official visit for an Article IV consultation mission to Mexico City in September, led by Gustavo Adler, IMF Deputy Division Chief in the Western Hemisphere Department.  Mexico recorded the second-highest quarter-over-quarter economic growth among G20 countries in the second quarter of the year, at 1.4% on a quarter-over-quarter basis betwee...

Tijuana and Mexicali businesses at center of latest US sanctions targeting alleged Sinaloa Cartel network

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Currency exchange businesses, gas stations and food and beverage establishments are among 25 entities in Mexico sanctioned by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) last week for their alleged ties to the Sinaloa Cartel. Last Tuesday, OFAC also sanctioned 21 individuals who allegedly “serve as leaders or facilitators for the Sinaloa Cartel.” Among those people are Ismael Zambada Sicairos, son of imprisoned Sinaloa Cartel kingpin Ismael “El Mayo” Zambada García , and Carlos Alberto Torres Torres, ex-husband of Baja California Governor Marina del Pilar Ávila Olmeda. The ex-husband of Baja California Governor Marina del Pilar Ávila Olmeda, Carlos Alberto Torres Torres, is featured prominently in this updated organizational hierarchy of Los Mayos’ maneuverings in the border city of Mexicali. (U.S. Treasury) “The 21 individuals and 25 entities designated include cartel leader Ismael Zambada Sicairos (a.k.a. ‘...

Suspicious package on Mexico City Metro turns out to be churros

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A ride on the Metro and a freshly made churro are essential Mexico City experiences. An unattended box on Line 7 last week showed why the two should not necessarily be combined. When a passenger reported an unattended cardboard box on a train traveling southbound from El Rosario toward Barranca del Muerto on Friday, Metro security personnel and officers from Mexico City’s Policía Bancaria e Industrial (PBI) sprang into action. Churros, for the uninitiated, are quintessential Mexican deep-fried pastries, like elongated donuts, that are often enjoyed dipped in thick hot chocolate. (Camara Negra / Unsplash) With the package sitting alone in a train car, the standard protocol for suspicious objects was triggered, according to media reports. Officers reportedly checked it for hazardous materials, explosive devices or other threats. What they found was churros. Photos circulated by the Metro system showed an open cardboard box filled with paper-wrapped pastries that appeared ready for...

Playa del Carmen starts October with new sargassum arrivals, though seasonal decline is underway

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The beaches in Playa del Carmen, Quintana Roo, began October with the return of sargassum, driven by strong winds from the south and southeast and by ocean currents that pushed new seaweed patches toward the coast. In response, the beach town has deployed cleanup operations along the coast. The Federal Maritime-Terrestrial Zone agency (Zofemat) has a workforce of approximately 300 people dedicated to removing the macroalgae and keeping the beaches accessible to tourists.    Sheinbaum vows action on Quintana Roo’s sargassum crisis during Tulum visit David Buchanan, the director of Zofemat Tulum, noted in a recent interview that the sargassum season remains active; however, some relief is in sight.  The head of the Quintana Roo Sargassum Monitoring Network, Esteban Amaro Mauricio, said that the state is entering a seasonal phase of decline following the peak in June and July . This does not mean the threat of sargassum is gone — localized wash-ups are still possible during Oct...

Mexico’s week in review: Peso sinks to 18 as school safety, storms and trade talks dominate

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Attacks on and by students, a political comeback and the memory of past violence marked the week of Sept. 28 in Mexico. Two 17-year-old students from a prep school affiliated with the Autonomous University of the State of Morelos (UAEM) were shot dead in Cuernavaca on Saturday night, weeks after the Sept. 12 killing of Spanish exchange student Claudia Tacoronte. That brings to six the number of UAEM students murdered in Morelos this year. After students and members of the Somos party protested Sunday outside the state attorney general’s office, President Claudia Sheinbaum announced a special security plan for Morelos on Monday. On Friday, the 58th anniversary of the Tlatelolco massacre , students, rural normalistas and parents of the 43 missing Ayotzinapa students marched from Mexico City’s Plaza de las Tres Culturas to the Zócalo . In Cuernavaca, students and families of slain youths marched for justice , and some protesters set fire to the exterior of the state governm...

Mexico’s fastest-growing states aren’t the ones having the most children

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The 2025 Intercensal Survey by the National Institute of Statistics and Geography (INEGI) has revealed a paradox in Mexico’s new demographic map: The states that have seen the greatest population growth are not those with the highest fertility rates. Mexico reached a population of 130.9 million in 2025 – the country’s highest population in history. However, the population grew at an average annual rate of just 0.7%, its slowest pace in recent decades, with growth concentrated in states in the north and southeast of the country. Which states lead population growth? According to INEGI , Baja California Sur led in population growth with an average annual rate of 3.4%, followed by Quintana Roo at 2.2%. Querétaro recorded 1.7%, while Nuevo León and Coahuila grew by 1.5% annually. Population growth in Quintana Roo is a result of its population dynamics: For years, the state has recorded growth linked to an influx of people from other states and the expansion of its urban and tourist a...

Former Navy officer ‘Capitán Sol’ arrested in Jalisco for fuel smuggling

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Miguel Ángel Solano Ruiz, a key participant in the fuel-smuggling scheme that has tarnished the Navy, was arrested in Zapopan, Jalisco, on Thursday night. Solano Ruiz, aka “Capitán Sol,” is a retired Marine captain and purportedly one of the main operators of the fuel smuggling network allegedly orchestrated by the Farías Laguna brothers , both of whom were high-ranking Navy officers. El traslado de Miguel Ángel Solano Ruiz, “El Capitán Sol” o “Mike”, señalado como uno de los principales operadores de la red de huachicol fiscal que involucró a mandos de la Marina y funcionarios de aduanas, quien fue detenido en Zapopan, Jalisco. pic.twitter.com/r6nLMvLVBo — REFORMA (@Reforma) October 2, 2026 According to witness testimony, Solano recruited active-duty and retired naval personnel to participate in the network that smuggled hydrocarbons through customs without paying the corresponding taxes, a crime known in Mexico as huachicol fiscal. He allegedly used his influence within the Nav...