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Mexico & Nafta - February 2019

Economic Highlights

Banxico warning: On 3 January Mexico’s central bank (Banxico) warned that domestic economic growth this year will be conditioned by the high level of uncertainty surrounding the lack of clarity over the economic policies that will be adopted by the new administration led by President Andrés Manuel López Obrador. In the notes from the December 2018 meeting of Banxico’s monetary policy committee meeting, released on 3 January, the bank said that the Mexican economy will face a scenario of lower investment this year as investors try to figure out which direction Mexico’s economic policies will take under the new government. In particular, Banxico highlighted as medium-term risk factors “the possible adoption of policies that could lead to profound changes in [Mexico’s] economy and its capacity for growth”.

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