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Lower Than Tokyo: Mexico's Fertility Shock and Growth Puzzle
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In this episode, Mariana Campero speaks with Valeria Moy, Director of IMCO and host of the Peras y Manzanas podcast. They kick off with a demographic shockwave: Mexico’s Statistics Institute, INEGI, released an intercensal figures which revealed that Mexico’s fertility rate plummeted to 1.2, with Mexico City dropping to an astonishing 0.8—lower than Tokyo. What does the rapid shattering of the "endless young labor supply" mean for the nation's pension system, long-term productivity, and labor market? Beyond the demographic shift, they tackle Mexico’s persistent growth puzzle. Despite direct access to the world’s largest market, annual GDP growth remains stagnant at around 2% (or lower).…