Back

LatinNews Daily - 03 March 2020

In brief: Private sector economists revise down Mexico’s growth forecast

*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%. 

End of preview - This article contains approximately 107 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.