With climate talks limping along, President Calderon has refused to give in to this slow momentum. Renewing his promise to real and sustainable change for the future, the President will look toward his nation to “rescue” the failing talks, all in anticipation of the summit on climate change this December in Mexico.

According to James Murray of BusinessGreen, “speaking in an interview with Reuters a few days ago, Mexico’s chief negotiator Fernando Tudela said the host nation accepted the Cancun summit would not deliver an international climate change treaty, but insisted a “spectacular breakthrough” was still possible.

Tudela said the Mexico summit would aim to deliver “a set of meaningful decisions” on issues such as climate financing and adaptation, while also engineering an end to the “regime standoff” that has marred past negotiations.

“We have a window of opportunity that is closing,” he said. “What we want to do is rescue these negotiations.”

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It is difficult to step into a role occupied by someone like Alejandro Werner, a well respected Wall Street name. But if there is one man who is up to the task, it is Jose Antonio Meade.

Meade was announced as the new Deputy Finance Minister last night, following the announcement that Werner plans on leaving the post.

Top economists insist that there is no need to worry however, as the economy of Mexico continues to show promise.

“I think there will be continuity in fiscal policy,” said Mario Correa, an economist with Scotiabank in Mexico City. “Werner is a very respected economist and they will miss him, but Meade is qualified for the job.”

To read more, click here.

According to official numbers, over 45,000 jobs were created throughout Mexico, helping to curb unemployment even further.

Finance Minister Ernesto Cordero announced a total job creation in the first seven months of the year numbered 559,070, with 45,697 formal jobs created in July alone.

Even more impressive is that many of these jobs were created in the retail sector, an industry which many thought to have been hit the hardest in the economic downturn. However, with retail sales on the rise, demand for new jobs has increased as well, pushing Mexico toward an even brighter future.

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Unemployment in Mexico City fell 0.3 percent nationally, a marked decrease and a sign that the economic recovery of Mexico is alive and well.

Paul Kiernan, of the Dow Jones News Service, broke the story last week:

“The unemployment rate slipped to 5.1% in May, down from 5.4% in the previous month and 5.3% in May 2009, the National Statistics Institute, or Inegi, said Thursday.

Joblessness in major cities fell to 6.1% of the economically active population from 6.5% in April and 6.9% in May 2009.

Data from the Labor Ministry show that about 25,000 private-sector jobs were created in the formal economy in April.

Mexico’s economy has staged a strong recovery so far this year after gross domestic product contracted by 6.5% in 2009. Led by external demand, GDP expanded by 4.3% in the first quarter from a year ago, and preliminary data from sectors such as trade and manufacturing suggest robust second-quarter growth, as well. “

To read the full article, click here.

The good news for the Mexican economy keeps pouring in, as retail sales were shown to be up in the month of May. The retail sector, which had been hit perhaps the hardest in the financial collapse, has recovered slightly, 6.2 percent higher than the totals in April.

The report from Reuters comes on the heels of a projected five percent growth overall in the Mexican economy, as predicted by Finance Minister Ernesto Cordero just last week.

To read the full Reuters report, click here.

It is difficult to make bold predictions of growth in a struggling global economy. However, Ernesto Cordero, after considering the facts, remains optimistic that the economy of Mexico can and will grow by somewhere around five percent in 2010.

“I agree with all the analysts that we’re going to grow between 4.5 percent and probably a little more than 5 percent,” Cordero said in an interview on Radio Formula.

As he alluded, Cordero is not the only one calling for a growth in the economy. Analysts and market watchers alike have been watching the slowing inflation, increased production, and decreased prices carefully, all spelling good signs of what is to come for Mexico.

To read the full Reuters article, click here.

Credit it to falling electricity, gas, and/or produce rates. Whatever the case may be, inflation in Mexico has dropped for the first time within five months. This slowing rate aligns itself almost perfectly with the central bank”s target.

Continued signs of economic progress seem to be coming out of Mexico City nearly everyday, as Bloomberg cited in an article just last week.

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Consumer prices rose 3.92 percent in May from a year earlier, the first time since December the figure was lower than 4 percent, the central bank said today on its website. Prices fell 0.63 percent in May from April, the lowest monthly reading since the bank began measuring inflation in 1969.

The “good” inflation report reaffirms that the bank will likely leave its benchmark interest rate unchanged until at least 2011 to help the domestic economy recover from last year’s contraction, said Delia Paredes, a senior economist at Banco Santander in Mexico City. External demand is mainly driving Mexico’s recovery, she said.

“This is very good news in the short term,” Paredes said. “We continue to think they won’t move interest rates until the first semester of next year.”

To read the full article, click here.

Luis Alfonso de Alba refuses to back down from his promises of progress during the upcoming climate talks scheduled in Mexico during the month of December.

The climate chief has taken some criticism for his overly optimistic views and his “no excuses” policies, but he recently defended his stance and renewed his promise toward a better tomorrow.

“The U.N. secretariat, Yvo de Boer, and some other actors, the European Commission, Connie Hedegaard, have frequently referred to the impossibility of reaching a legally binding agreement in Cancun, (and) do not imply that important decisions can be taken in Cancun,” he said. “We do not share that view. They are somehow lowering expectations for Cancun.”

To read the full story, click here.

The antitrust board of Mexico has turned their sites on Tortilla prices, citing a lack of competition in the existing market.

Eduardo Perez Motta, the commissioner of the board, has cited unclear municipality policies as the cause of a downturn in new competitive entrants into the market.

“These guidelines are a tool for municipal governments to reform their regulations to favor the consumer, eliminating privileges that affect the society,” Perez Motta said.

To read the full story, click here.

Mexico has hit another milestone in its recovery efforts, churning out the highest factory productivity in nearly four years.

The  Mexican Institute of Financial Executives released its findings earlier this month, as the organization concludes that further progress lies ahead.

“The IMEF factory index rose to 54.6 in April from a revised downward 53.7 in March, the Mexican Institute of Financial Executives, or IMEF, said in a report. The last time the index had such a high reading was in November 2006, at 55.4 points.

Readings of 50 and above signal likely expansion in subsequent months. The index first rose above that level last July.

Last week the central bank revised upward its outlook for growth this year, expecting Mexico’s economy to expand between 4 percent and 5 percent in 2010 as Latin America’s second largest economy recovers from a deep recession.”

To read the full Reuters article, click here.