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Weekly Report - 02 September 2021 (WR-21-35)

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MEXICO | Banxico lifts growth projection. The central bank Banco de México (Banxico) raised its GDP growth prediction for 2021 to 6.2%, from a previous estimate of 6%, on 31 August. In its April-June quarterly report, Banxico reduced its most optimistic growth prediction for 2021, however, from 7% to 6.7%. It also stressed that “the persistence of certain disruption in global supply chains and the recent increase in the number of Covid-19 infections [in Mexico] means a high uncertainty in the rhythm of recovery”.