*Mexico’s central bank (Banxico) has released its latest poll of private sector economists, who have revised down their GDP growth forecast for 2020 from the 1% projected in January to 0.91%. The main factors that will negatively impact Mexico’s economic growth this year identified by the polled economists include governance risks; adverse internal economic conditions including low levels of investor confidence; and adverse external economic conditions including the slowdown in global economic activity due to the coronavirus (Covid-19) outbreak. Mexico’s finance ministry (SHCP) is currently forecasting 2% GDP growth this year, while the World Bank is forecasting 1.2% and the International Monetary Fund predicts 1%.
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