LatinNews Daily - 02 October 2020

* Mexico’s central bank (Banxico) has published its monthly survey of market expectations in the private sector, which forecasts that the country’s GDP will contract by 9.82% in 2020. The survey’s projections have improved slightly since hitting a low in July, when a 10.02% contraction was predicted, but private economists remain more pessimistic than Banxico itself, which most recently forecast an 8.8% contraction in GDP this year, following an 18.7% year-on-year decline in the second quarter. This latest private sector survey also predicts that inflation will rise to 3.89% by the end of the year, and that the value of the Mexican peso will fall to M$22.14/US$1.

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