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Weekly Report - 09 May 2019 (WR-19-18)

TRACKING TRENDS

MEXICO | OECD study. The Organisation for Economic Co-operation and Development (OECD) last week published its biannual economic report on Mexico which, despite finding the macroeconomic situation to be “solid”, paints an overall picture of a languishing economy. The OECD forecasts GDP growth of 1.6% for 2019, 0.4 percentage points less than 2018 growth. Posing a risk to economic stability is the state-owned oil company Pemex, whose economic insecurity impacts Mexico’s public debt and hence may cause a reduction in the country’s credit rating, the report finds.

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