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Weekly Roundups

Mexico Reports GDP Growth: INEGI

By Emilio Aristegui | Thu, 09/01/2022 - 10:10

INEGI reports that the country is trending toward a vital recovery, yet continues to report slow progress. “At an annual rate and with seasonally adjusted series, the GDP rose 1.9 percent, in real terms, in the second quarter of 2022. By large groups of economic activities, the GDP of secondary activities grew 3.3 percent, that of primary activities 1.4 percent and that of the tertiary activities 0.9 percent,” reads INEGI’S press release. 

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The Importance of Quality

Chiara Sheldon, Co-Founder and COO, Reworth, explains that client retention will increase if companies provide adequate customer service. “As a customer, there is nothing worse than having a bad experience when buying for the first time in a shop. Businesses might want to consider personalizing the onboarding process according to their buyer persona. This will create a good experience, ending in customer retention,” explains Sheldon.

Financial Advice Through Social Media

Generation Z, meaning those born between 1994 and 2010, are acquiring tools to begin their incursions into the world of investments. A CreditCards.com survey indicated that Gen Z investors receive most of their financial advice from different social media platforms. The survey also reported that 80 percent of people in this generation were adamant in seeking financial advice, while only 64 percent of Gen X and 60 percent of Baby Boomers were actively looking for advice. 

Mexico Invests in Japanese Bonds

Mexico’s Ministry of Finance and Public Credit (SHCP) reported the issuance of a bond based on the Japanese yen. SHCP now starts the development of a fourth sustainable market after having already invested in euros, pesos and dollars. The operation worked through the issuance of five new benchmark bonds in yens with maturities of three, five, 10, 15, and 20 years. 

INEGI Reports GDP Growth

The Mexican economy registered a general increase of 0.9 percent in GDP. The country continues to push for a major recovery, as the economy pushes for slow GDP increases.

The data used in this article was sourced from:  
MBN
Emilio Aristegui Emilio Aristegui Junior Journalist and Industry Analyst