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LatinNews Regional Monitor: Mexico - 22 May 2019
In brief: Mexico
* The Organization for Economic Co-operation and Development (OECD) is forecasting 1.6% GDP growth for Mexico in 2019 in its most recent Economic Outlook report. The report notes that Mexico’s growth “has fallen recently, owing to weak investment and lower export growth, as US imports have slowed”. In March, the OECD forecast 2% growth for Mexico in 2019. In its latest report, the OECD notes that “trade tensions and policy uncertainty have also dented business confidence” while “disruptions in gasoline supply, strikes and railroad blockades affected supply chains at the beginning of 2019”. However, the report expects growth to “rise modestly, supported by infrastructure investment and domestic consumption. Export growth will continue to support the economy, albeit at lower rates, consistent with a gradual slowdown in growth in the US”.
