Mexico’s economic state remains impacted by several external and domestic uncertainties in addition to a recent volatility surge in the local currency market. Gross domestic product (GDP) is expected to rise 2.2% this year and 1.9% in 2025. The consensus view for next year was downgraded from a forecast of 2.1% in a January poll, according to Reuters.

NACM’s Credit Managers’ Index (CMI) fell 0.5 to 53.9 in June. This change in the CMI indicates a continued slowdown in economic activity. “There is no discernible trend in the CMI except that it remains in a low orbit,” said NACM Economist Amy Crews Cutts, Ph.D., CBE.

🎙️ On today’s episode of NACM’s Extra Credit podcast … By showcasing the dynamic and impactful nature of credit management, companies can dispel the misconception that the profession is mundane or outdated and grab the attention of finance graduates.

The Spanish economy remains resilient despite uncertainties about future national and global economic policies. Spain’s GDP growth forecast for 2024 has been raised to 2.5%, driven by strong external demand, a growing labor force and recovery plan funds.

NACM’s annual Credit Congress & Expo is renowned for its innovation, support for career advancement, relevant educational sessions and unparalleled networking opportunities. This year was no different.

In today’s fast-paced business world, multitasking has become a key skill for professionals across industries. Multitasking is the ability to perform multiple tasks at the same time. It can sometimes look like juggling meetings or handling various projects both big and small.

The credit management industry is facing a critical juncture as an aging workforce approaches retirement, threatening to leave major knowledge gaps.

Though the U.S. economy has seemingly survived a worst-case scenario recession (for now), debt is rising as a rapid rate for consumers, businesses and the U.S. government.