![]() Inflation risks remain to the upside, mainly due to peso weakness and wage pressures, reducing the chances of an early rate cut. Mexico Economy Profile GDP (official exchange rate), 1,269,956,000,000 (2019 est.) GDP - real growth rate, -0.3 (2019 est.) 2.19 (2018 est.) 2.34 (2017.AMLO’s energy policy may weaken the finances of Pemex downgrades for both Pemex and the sovereign cannot be ruled out.Public spending cuts will hit investment projects, with private investment, hampered by falling confidence, unlikely to fill the gap.Risk of a US-Mexico trade war has seen peso depreciation and, if sustained, will hit investment and inflation, ultimately harming growth.President Andres Manuel Lopez Obrador (AMLO)’s promise to achieve an average annual growth rate of 4% over his six-year mandate - more than double Mexico’s sluggish average rate for the last decade - is looking increasingly unobtainable. raised its Mexico’s forecast for this year’s GDP. All major international financial institutions, the Bank of Mexico and even the Ministry of Finance have slashed their growth forecasts for this year to around 1.6%. Brazil, Latin America’s largest economy, also surprised on Friday with faster-than-expected growth during February. Growth for 2020 is forecast to be 1.1 percent. Mexico: Real gross domestic product (GDP) growth rate from 2018 to 2028 (compared to the previous year) Distribution of gross domestic product (GDP) across economic sectors in Mexico. Mexico: Real gross domestic product (GDP) growth rate from 2018 to 2028. The consensus GDP growth forecast for 2019, compiled by Banco de Mxico, remained at 0.0 percent in December. Basic Statistic Distribution of the workforce across economic sectors in Mexico 2019. Mexico Forecast - was last updated on Sunday, April 30, 2023. Mexico’s gross domestic product (GDP) declined 0.2 percent through third quarter 2019. World Economics has developed a database presenting GDP in Purchasing Power Parity terms with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data. ![]() The slowdown is becoming more widespread amid declines in industrial production and services. Mexico Forecast Overview GDP Labour Prices Money Trade Government Business Consumer Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Economic growth rate of 2.2 in 2018 IMF puts its 2019 economic growth outlook for Mexico at 2.7 As a comparison, the GDP growth rate for the USA is. The official estimate for Mexicos GDP was 2.492 trillion at the end of 2022 in puchasing power partity terms. Mexico’s economy took an unexpected plunge during the first quarter of 2019, contracting by 0.2% quarter-on-quarter.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |