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LatinNews Daily - 19 December 2019
In brief: López Obrador forecasts a return to growth in 2020
* Mexico’s President Andrés Manuel López Obrador has forecast a return to economic growth in 2020, adding that there were “favourable signs”. In November, Mexico’s national statistics institute (Inegi) revealed that its revised data showed that GDP contracted by 0.1% in the fourth quarter of 2018 and in the first and second quarters of 2019, while growth in the third quarter was flat (0%). While President López Obrador wasn’t willing to offer a figure as to this growth forecast, he said that should the US–Mexico–Canada Agreement (USMCA) be approved this week, a presentation of economic strategy for 2020 will take place before year end. The deal is set to be voted on in the US House of Representatives today (19 December).
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