LatinNews Regional Monitor: Mexico - 29 November 2018

* Mexico’s central bank (Banxico) has released its third quarterly report for 2018, in which it revises the country’s GDP growth forecast downwards. Banxico now predicts GDP growth to be between 2% and 2.4% in 2018, down from between 2% and 2.6% in its previous report. Banxico cites the markets’ uncertainty with the economic policies of President-elect Andrés Manuel López Obrador’s incoming administration, and the fact that the new US-Mexico-Canada Agreement (USMCA, or T-MEC) is yet to be ratified, as reasons for the volatile economic environment.

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