* Mexico’s central bank (Banxico) has revised down its 2018 economic growth predictions for the domestic economy from 2%-3% to 2%-2.6%. Banxico cited international trade tensions, higher interest rates, and a strong US dollar as the main factors behind the revision, as well as Mexico’s planned change in leadership (President-elect Andrés Manuel López Obrador takes office on 1 December). The recently reached bilateral agreement between Mexico and the US on the terms of the North American Free Trade Agreement (Nafta) has nonetheless contributed to reducing economic uncertainty, according to Banxico.
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