Mexico Economic Forecast

Mexico Economic Outlook

February 14, 2017

The economy got off to a weak start to the year, following a mild improvement in the final quarter of 2016. A preliminary estimate showed that GDP increased 2.2% year-on-year in Q4 (Q3: +2.0% yoy), causing the economy to expand 2.3% in the full year 2016. The result is below the 2.6% GDP growth achieved in 2015 and while the headline figure does not appear to be particularly alarming, the underlying trend suggests that Mexico’s economic growth is not robust enough. Recent survey-based data indicate that consumer confidence plummeted to its lowest level in 17 years in January and manufacturing PMIs continue to signal weakness in the sector.

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Mexico Facts

ValueChangeDate
Bond Yield7.29-0.55 %Feb 22
Exchange Rate19.91-0.52 %Feb 22
Stock Market47,196-0.88 %Feb 22

Mexico Economic Growth

February 14, 2017

The rising uncertainty related to the unclear path that trade and immigration policies will follow during the Trump administration will continue to drive Mexico’s future economic growth. However, domestic risks and social discontent are also rising in a year that will lay the ground for presidential elections in 2018. This month, analysts cut Mexico’s 2017 growth forecast by 0.2 percentage points to 1.6%. Next year, the panel expects GDP to expand 2.1%.

Mexico Economic News

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