Economy & Business - June 2022

ECONOMIC HIGHLIGHTS

MEXICO | Banxico lowers GDP growth forecast. On 1 June, Mexico’s central bank (Banxico) reduced Mexico’s GDP growth forecast for 2022 to 2.2%, down from a previous forecast of 2.4%. Banxico also revised up its forecast for annual inflation, stating inflation will stand at 6.7% at the end of the year, up from a previous forecast of 4%. This came as experts from the private sector surveyed by Banxico revised up Mexico’s GDP growth forecast to 1.76% up from 1.78%, and increased their inflation forecast to 6.88%, up from 6.67%.

End of preview - This article contains approximately 329 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

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.