LatinNews Regional Monitor: Mexico - 26 February 2020

* In a press conference, María Ariza, director of Mexico’s second stock exchange, Bolsa Institucional de Valores (BIVA), has called for security and juridical certainty to promote public and private investment. Ariza’s remarks follow the release of the latest figures from Mexico’s national statistics institute (Inegi) which confirm that Mexico’s GDP contracted by 0.1% in 2019 compared with 2.1% growth in 2018. This is the first time that Mexico’s GDP has contracted in a decade. The Inegi figures show that growth for the fourth quarter of 2019 was -0.4% year-on-year. As well as the economic slowdown, Ariza also expressed concern about the impact of the coronavirus (Covid-19) outbreak on international markets.

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