Weekly Report - 04 April 2019 (WR-19-13)

MEXICO | Growth forecast cut. Mexico’s finance ministry released a report this week reducing estimated GDP growth in 2019 to a range between 1.1% and 2.1% from a 1.5%-2.5% range projected in December last year when President Andrés Manuel López Obrador took office. It also projected GDP growth of between 1.4% and 2.4% in 2020. López Obrador describe the finance ministry’s revised forecast as “prudent and conservative” especially as it is now in line with the estimate of the Banco de México (Banxico).

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