LatinNews Daily - 05 November 2018

* Mexico’s finance ministry (SHCP) has announced that the country’s economy is growing and that public finances are healthy at the close of 2018’s third quarter. According to the SHCP’s third quarter results report, these results reflect the government’s commitment to maintaining a sound macroeconomic framework and to enacting necessary structural reforms. Yearly GDP growth has averaged 2.4% since the start of the current administration in 2012. This year, seasonally adjusted GDP growth has averaged 0.9% per quarter, thanks to higher levels of non-oil exports and service consumption. The SHCP also reports that the annual inflation rate reached 5.02% at the close of the third quarter this year, down 1.75 percentage points on the same period last year but up 0.37 percentage points on the second quarter of 2018. The balance of public finances also exceeded expectations: at the end of October, Mexico’s public deficit totalled M$311.2bn (US$15.4bn), lower than the expected M$364.2bn (US$18.1bn). 

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