LatinNews Regional Monitor: Mexico - 29 November 2019

* Credit ratings agency Moody’s Investor Service has issued a statement in response to the recently announced US$43bn five-year infrastructure agreement by Mexico’s President Andrés Manuel López Obrador, describing it as “a credit positive with execution risks”. According to the statement circulated in the local media, the agreement “could improve economic growth perspectives if implemented in an opportune and effective manner” and could contribute to improving the “negative sentiment” of investors which has prevailed during the past year. In November Moody’s lowered its GDP growth forecast for Mexico to 0.2% for 2019, down from 0.5% in August last. Earlier this week the national statistics institute (Inegi) released new figures which confirm that Mexico’s GDP stagnated in Q3 2019 with a growth rate of 0%.

End of preview - This article contains approximately 127 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial