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LatinNews Daily - 22 November 2019
In brief: Mexico GDP growth far off López Obrador’s target
* Lisa Schineller, head of Latin American sovereign ratings at Standard & Poor’s (S&P), has said that Mexico does not have the conditions to achieve 4% GDP growth. President Andrés Manuel López Obrador has promised that the country will average 4% growth over the course of his six-year term. But speaking to local journalists, Schineller noted that Mexico had not succeeded in approaching 4% growth even with structural reforms in previous governments. S&P sovereign ratings analyst Sebastián Briozzo further noted that there are no signs that historically low investment in Mexico will pick up. GDP growth in Mexico is projected to reach 0.2% this year according to the Organisation for Economic Co-operation and Development’s (OECD) latest economic outlook report.
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