Economy & Business - April 2021

Mexico raises economic growth forecast, but recovery remains slow

Mexico’s finance ministry (SHCP) on 31 March updated its economic growth forecast ahead of its 2022 budget proposal. In the document sent to the federal congress, the SHCP expects that GDP will grow by 5.3% in 2021, up from its previous forecast of 4.6% published in September 2020. For 2022, the SHCP expects the economy to grow by 3.6%, up from 2.6%. Minister Arturo Herrera stated that these increases in the forecast were justified by the progress of the national coronavirus (Covid-19) vaccination programme, the strengthening of domestic market demand, and the greater dynamism of the global economy.

End of preview - This article contains approximately 706 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.