The Day at a Glance | September 8 2021

The Top

*Kamala Harris and Marcelo Ebrard will lead meetings between Mexico and the US this week to strengthen productive chains and accelerate economic aid to Central America.

*The Secretary of the Treasury is expected to present the 2022 Economic Package`s before Congress.

*The United Kingdom`s Parliament is debating an important rise in taxes in order to face fiscal deficits caused by the pandemic.

*Growth in Japan was revised upwards during the 2Q21 (1.9% annualized vs 1.3% prev.).

Economic environment

Mexico-USA meetings this week. This week, Vice-President of the United States Kamala Harris will have meetings with Mexican government officials – led by the Foreign Secretary Marcelo Ebrard, to discuss issues related to the strengthening of productive chains in both countries and economic aid for Central America. The meeting will be part of an effort to repair the bilateral relationship after the unilateralism on behalf of the previous US administration, according to statements made by Robert Velasco, the Foreign Ministry`s lead official for North America. Both countries are expected to discuss strategies to avoid future crises that could affect supply chains like the pandemic has done – in addition to greater investment in the border`s infrastructure. They will also seek to strengthen trade ties after the USMCA`s signing, along with economic aid plans for Central America`s development, a plan steered towards decreasing the population`s need for migration. Mexico will also be represented in the meetings by the Secretariat of Economy, Tatiana Clouthier; and on the US side, participants will include Secretary of State Antony Blinken, Secretary of Commerce Gina Raimondo, and Trade Representative Katherine Tai.