Back

LatinNews Daily - 09 June 2022

Click here for printer friendly version
Click here for full report

In brief: OECD lowers growth forecast for Mexico

* The Organisation for Economic Co-operation and Development (OECD) has lowered its growth forecast for Mexico for 2022 and 2023 to 1.9% and 2.1% respectively, down from 2.3% and 2.6% in its previous (February) forecast. According to its report, “consumption will be supported by the gradual improvement in the labour market, remittances, and the increasing share of the population vaccinated” against the coronavirus (Covid-19). The OECD expects that exports will continue to benefit from deep integration in global value chains and a gradual recovery in tourism. Planned public infrastructure projects will benefit investment. The OECD predicts that inflation will stand at 6.9% in 2022 and edge down to 4.4% in 2023.

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.