LatinNews Daily - 15 April 2021

In brief: Mexico unlikely to recover pre-pandemic levels in 2021

* The bank BBVA México has noted that although Mexico’s economy will grow in 2021, it will not fully recover from the historic 8.2% GDP contraction in 2020 caused by the coronavirus (Covid-19) pandemic. BBVA estimates that Mexico’s GDP will grow 3.2% this year, and has forecast important growth in a number of sectors (while warning that these will not reach pre-pandemic levels), including professional services (16.3%), housing (9%), transport (8.5%), agriculture (7.1%) and financial services (6.4%). BBVA notes that the recovery will be unequal amongst different sectors and also geographically, with four states expected to see negative growth this year. These figures come on the heels of the International Monetary Fund revising up its prediction of Mexico’s 2021 growth from 4.3% to 5%.

End of preview - This article contains approximately 131 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

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