Illinois Department of Commerce and Economic Opportunity’s Post

Mexico represents an underappreciated investment opportunity that offers compelling risk-adjusted returns for private market investors. Our Managing Partner, Harry Krensky, made this argument at last year’s Amafore conference, where he highlighted the following positive investment attributes for the country: 1. 📈 A consistent record of prudent monetary and fiscal policy upheld by successive Mexican governments over the past decade 2. 🌍 The advent of Nearshoring, which could potentially boost Mexico GDP growth by as much as 1.5% to 2.5% per year 3. 💸 Rising remittances from the US, driven by increased wages and demand for migrant labor; and 4. 🚀 As Mexico's potential becomes more widely recognized, increasing levels of foreign direct investment, resulting in a virtuous circle of accelerating capital formation and rising asset values   Don’t miss Harry’s keynote presentation at this year’s Amafore Conference, which is taking place on October 23 / 24 here in Mexico City. Register here: https://lnkd.in/gUDMeQnz   #EncuentroAmafore2023 #PrivateEquity #Mexico

Fueling Mexico's Economic Future at #MexicoBusinessSummit 2023! Presentation: "Energizing Mexico's Economic Momentum." Meet Alberto de la Fuente, President of CEEG, as he unveils forward-thinking strategies aimed at accelerating Mexico's economic growth, particularly within the Talent industry. Discover innovative approaches poised to propel Mexico's economic landscape forward and foster sustainable, robust growth. Secure your spot now to engage in this pivotal discussion shaping Mexico's economic trajectory! Join in to explore visionary ideas driving Mexico's economic future! https://lnkd.in/eHTZRRDu

🟢 UPDATE! Delve into our newest publication: “Mexico’s Private Sector and Innovation for a Sustainable Future”! How can #Mexico bolster its economy and strengthen its competitive advantages in an increasingly competitive global market through pro-human innovation? 🇲🇽 💡 In this publication, Richard P. Wells Viesca, Alvaro de Garay, and Miguel Angel VALENZUELA explore how Mexico can seize the opportunities that nearshoring presents and build an inclusive and sustainable economy. To achieve this, they argue that Mexico must address its problems of low productivity, labor informality, extreme inequality, regional disparities, and environmental degradation. This will mean overhauling the status quo in Mexico’s private sector, which invests little in innovation and is increasingly dependent upon global value chains. https://lnkd.in/euS-45Ad #Mexico #Invest #Nearshoring #Labor #Productivity #Inequality #PrivateSector #Innovation #SupplyChain #Globalization #Economics

🌍💼 Exploring the Pulse of the Spanish Economy! 💼🌍 Hola LinkedIn Community! 👋🇪🇸 Today, let's dive into the dynamic world of the Spanish economy. 📈✨ 🏭 Industrial Resilience: Despite global challenges, Spain's industrial sector continues to showcase resilience and innovation. From renewable energy projects to advanced manufacturing, it's inspiring to witness the evolution. 📊 Tech and Innovation: The Spanish tech scene is buzzing with creativity! Startups are flourishing, contributing to a tech-driven transformation. ¡Vamos España! 🚀👩💻 🌐 Global Connections: Spain's economic ties span the globe. Let's celebrate the international collaborations driving growth and fostering economic partnerships. 💡 Entrepreneurial Spirit: Small businesses are the backbone of the Spanish economy. Kudos to the entrepreneurs shaping the future with passion and determination. 🚀💪 📈 Economic Outlook: As we navigate uncertainties, Spain's commitment to sustainable growth and innovation remains unwavering. Let's stay informed and optimistic about the road ahead. 🤝 Engage and Share: What's your perspective on the Spanish economy? Share your insights, experiences, and thoughts. Let's foster a vibrant dialogue! 💬🤔 #SpanishEconomy #EconomicGrowth #Innovation #Entrepreneurship #GlobalBusiness #LinkedInCommunity

These are the most innovative economies in Latin America. 🌎💡 Based on the Global Innovation Index 2023 (GII 2023) published last week, Brazil ranks no. 1 in Latin America (16 countries), followed by Chile and Mexico. Insights on #Panama: Panama ranks 9th in Latin America (and 84th among 132 countries in GII 2023). Panama ranks highest in Infrastructure (55th), Creative Outputs (67th) and Institutions (77th) in the GII 2023. Within Latin America, Panama has the 2nd highest ranking in Infrastructure such as ICT infrastructure (after Chile) and the 5th highest in Creative Outputs. Panama ranks lowest in Business sophistication (124th), Human capital and research (103rd) and Market sophistication (102nd) in the GII 2023. In Business sophistication (e.g. knowledge workers, knowledge absorption), Panama has the lowest score in Latin America (16th out of 16 countries). In Human Capital & Research (e.g. Education), Panama occupies the 12th spot out of 16 Latin American countries. The Global Innovation index of the World Intellectual Property Organization – WIPO ranks the innovation performance of 132 economies and highlights their strengths and weaknesses. On global level, Switzerland is the No. 1, followed by Sweden and the United States. View the reference in the comments to see the full Global Innovation Index 2023 as well as Panama's country profile. #GII2023 #innovation #latinamerica World Intellectual Property Organization – WIPO Lorena Rivera León Fausto Arroyo Crejo Mauricio Agudelo Galileo Solís A. Iris Virginia Ortiz Salazar Inter-American Development Bank CAF -banco de desarrollo de América Latina y el Caribe- Ciudad del Saber Foundation Alejandro Carbonell Holland House - Dutch - Colombian Chamber of Commerce Esmee Wesselink Cámara de Comercio Suizo-Panameña | Swiss-Panamanian Chamber of Commerce Massimo De Luca Harry Loboa Lowina Broens Jeroen Blom ECLAC Reyna Katiuska Hernandez Jorge Barnett Lawton NBSO Mexico/Querétaro NBSO Southern Brazil

🔍 Mexico's Economic Progress & Business Opportunities 📊 Mexico, often referred to as the gateway to Latin America, is making strides in its economic landscape. Let's dive into the exciting developments and burgeoning business opportunities in this dynamic country: Economic Resilience: In April 2023, Mexico's monthly GDP proxy surged by an annualized 5.4 percent, surpassing expectations. As a result, the consensus forecast for Mexico's 2023 GDP growth has been revised up to 1.1 percent. Diverse Economic Sectors: While industrial production within Mexico remained steady, retail sales soared, reflecting a robust domestic market. Formal sector employment also climbed significantly, with strong job gains continuing to drive economic momentum. Global Trade Hub: With 13 free trade agreements encompassing 50 countries, Mexico stands as one of the most open and competitive markets globally. Its strategic location neighboring the the world's largest consumer market, makes it a prime destination for international businesses seeking to access North and Latin American markets. Skilled Workforce: Mexico's workforce is ranked among the top ten globally. Its proficiency spans various industries, making it an ideal location for businesses seeking a skilled and adaptable talent pool. ManpowerGroup's Total Workforce Index placed Mexico's workforce in a favorable ninth position among over 60 countries. Pro-Business Environment: Mexico's government maintains a positive stance towards foreign investment. It offers incentives such as tax credits, research and development programs, and duty-deferral initiatives to attract and support international businesses. In 2023, Mexico presents a wealth of opportunities for businesses of all sizes and industries. Its economic progress, strategic advantages, and supportive policies make it a thriving destination for those seeking to expand their footprint in the Latin American market. Explore the possibilities and discover how Mexico's dynamic business landscape can be your gateway to success in the region. 🚀🌐 #MexicoEconomy #BusinessOpportunities #InvestInMexico #LatinAmerica #EconomicProgress

Mexico is shining bright in 2023, emerging as a Latin American economic powerhouse. 🤩 Despite global uncertainties, Mexico's economy has been a pleasant surprise, defying expectations with solid growth.😱 The first half of the year saw consistent positive growth, with GDP up by 1% in Q1 and a strong 3.7% annual increase. Mexico's economic resilience is on full display, even in the face of potential US slowdown and interest rate hikes. The good news doesn't stop there! Unemployment is down and inflation is moderating. Plus, the Mexican peso is standing tall, supported by smart policies and investment flows. ✅ A trend you'll love: businesses are moving operations to Mexico, boosting exports, and creating opportunities. The economy is thriving, and experts are optimistic about the future. So, whether you're seeking work, investment, or a vibrant new home, Mexico is where the action is.💪  Need help with your move to Mexico?🙌 CONTACT US TODAY Link on our bio or directly: outboundmx.com/contact📩 #mexicoeconomy #economy #movetomexico #mexico #usa #canada #americans #expatsinmexico #expatlife #expats #makethemovetomexico #relocationservices #lifeinmexico #liveyourbestlife #newbeginnings #newchapterinmexico #costoflivingcrisis

🏆 #Switzerland is the world’s most globalised country! The 2021 #Globalisation Index by the KOF Swiss Economic Institute at ETH Zürich ranks Switzerland as the most globalised out of the 195 evaluated countries. 🧩 Key drivers of Switzerland's globalisation include: - High levels of exports and imports. - Influential role in the global financial market. - Home to a multitude of international organizations. 🌐 Switzerland's top ranking underscores the #GreaterZurichArea as an ideal place to do business. Our region’s robust economic environment and strong global presence make it an attractive choice for companies looking to expand internationally. 🔍 Intrigued? Discover how the #GreaterZurichArea can be the springboard for your business's international growth: https://okt.to/WoLBQY. For those wanting to dive deeper into the Globalisation Index, read the full story here: https://okt.to/dJlGBM. #BusinessExpansion #HQ #whySwitzerland #GlobalisationIndex

What do Italian companies think of the current China business climate? After three challenging years marked by the pandemic, particularly in 2022 with a stringent lockdown testing the resilience of the Italian entrepreneurial community, 2023 has dawned as the eagerly anticipated year of returning to the future. In 2023, the financial balance of Italian companies shows improvement compared to 2022, yet falls short of meeting the growth and recovery expectations set earlier. Despite this, the deep-rooted awareness among Italian companies of the enormous potential that the Chinese market continues to emerge: 54% of companies still believe China is THE market to be, while only 20% expects a decrease in growth expectation. Special thanks to China-Italy Chamber of Commerce CICC for inviting our CEOs Lapo Tanzj and Andrea Fenn to the event for the unveiling of 5th edition of the CICC Report, focusing on the state of health of Italian companies in China. #China #Italy #BusinessOpportunities #CICCReport #AdiacentChina

Speaking of productivity and growth prospects in Greece by Antonis D. Papagiannidis   Productivity is rather technical a notion for a general-interest reader to digest; notwithstanding which, it has a key role to play for economies in their aspiration to grow – especially so in a long-term perspective:... https://lnkd.in/ddMNbRZv