Mexico’s Consumer Confidence Drops to Two-Year Low after Trump Election

By: Elena Toledo - @NenaToledo - Dec 7, 2016, 3:33 pm
consumidor mexicano
The Mexican consumer’s perception of the country’s purchasing power fell nine percent in November. (Juan Uribe)

EspañolMexico’s consumer confidence index shows just how worried the country’s citizens are about the future of the economy.

Citizens continued to express their negative perception of the country’s economic situation in Novemeber following Republican Donald Trump being elected President of the United States and tremendous devaluation of the Mexican peso.

The Consumer Confidence Index reflected a monthly decrease of 0.8 percent in November. Based on seasonally adjusted figures, it stands at 84.93, its lowest level since January 2014, according to the National Institute of Statistics and Geography and the Central Bank of Mexico.

Mexican consumer confidence fell nine percent, and the perception of the country’s purchasing power of also continued to deteriorate, according to complementary indexes published by a national consumer confidence survey.

Mexican families also appear to be worried about employment, as expectations in the next 12 months fell 2.2 perecent in November compared to October’s eight percent.

Experts said the deterioration of Mexico’s economic situation is reflected in citizens’ fear of losing their current job or not finding work next year.

Source: El Universal

Elena Toledo Elena Toledo

Educator by trade, social-media apprentice, activist for a democratic Honduras, and free thinker. Follow her on Twitter @NenaToledo.

Trump Threatens to Cancel ‘Overpriced’ New Air Force One from Boeing

By: Karina Martín - Dec 7, 2016, 1:57 pm

EspañolUnited States President-elect Donald Trump took to Twitter Tuesday threatening to cancel a massive Boeing contract for new Air Force One airplanes. Controversy began when it was revealed that Boeing had fallen by 1.38 percent, and Trump took to Twitter to comment about the cost of the Air Force One project. "Boeing is building a new Air Force One 747 for future presidents," he wrote. "But costs are out of control, more than $4 billion. Cancel order!" Shortly after, Trump appeared in the lobby of his building in Manhattan to speak with journalists about the contract, explaining his position on the project. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1459522593195-0'); });   "I think Boeing is forcing the numbers a little," he said. "We are currently under contract for $170 million to determine the capabilities of this complex aircraft to meet the requirements of a President of the United States." Spokesman for the presidential transition team Jason Miller said the message they are trying to send is rooted in easing of burdens on taxpayers and reducing government spending. The White House currently has two Air Force One 747-200 units with two decades of service. The idea was to replace them with an Boeing 747-8 that has more mobility and size. The planes are still in the design phase, and there are reportedly ongoing conversations with Boeing about its completion, which may now include lowering costs. "If Trump withdraws completely from the Boeing contract, the country could lose money that had already been devoted to paying for the project," the BBC reported. Sources: Prensa Libre; BBC; Actualidad RT.

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