![]() "Another risk is that the administration moves further toward populist measures, seeking to reactivate growth and to redistribute to the poor but without consideration of inter-temporal budget and external constraints. "The risk, in our view, is that the administration or Banxico try to pursue counter-cyclical policies in an isolated manner, which could end in fiscal deterioration, un-anchoring of inflation expectations and a large depreciation," he said. The World Bank degraded the Mexican economy to zero overall growth in 2019 and cut to 1.2 its forecast for 2020 after noticing the risk of further growth deterioration. Also, the AMLO administration unveiled Tuesday a $44 billion infrastructure plan it expects will bring annual economic growth of more than 4%.īut Bank of America's Capistran still thinks the risks to the Mexican economy remain tilted to the downside. To be sure, central bank rates are expected to fall from current levels. That's well below the iShares MSCI ACWI exchange-traded fund, which tracks global stocks, which is up more than 20% year to date. The Mexico S&P/BMV IPC index is up just 3.3% in 2019. These issues weighed on Mexican stocks this year. Meanwhile, the Bank of Mexico has the country's overnight interest rate at 7.5%, well above the rates seen in the U.S. President Andres Manuel Lopez Obrador's administration has also curbed government spending to build the country's budget surplus. and imported $346.5 billion, according to data from the U.S. Mexico’s gross domestic product (GDP) fell 0.5 percent in 2019, the weakest showing since economic output fell 1. Mexico foreign direct investment for 2018 was 37.84B, a 14.21 increase from 2017. Mexico foreign direct investment for 2019 was 29.68B, a 21.56 decline from 2018. Last year, Mexico exported $265 billion in goods to the U.S. Mexico foreign direct investment for 2020 was 31.38B, a 5.71 increase from 2019. House Speaker Nancy Pelosi said Monday that the USMCA deal signed by Trump last year "left American workers exposed to losing their jobs to Mexico, included unacceptable provisions to lock in high prescription drug prices, and fell short of key environmental standards." She noted, however, that House Democrats were " within range" of reaching a deal on the matter. On Monday, he tweeted Democrats should "get down to work and finally approve USMCA, and much more!" Trump has tried to pressure Congress to approve the USMCA. That deal is meant to replace the North American Free Trade Agreement, which President Donald Trump has called the worst deal ever. ![]() Personal Loans for 670 Credit Score or LowerĬongress has yet to ratify the USMCA deal that was signed by President Donald Trump last year. In 2019, the economy shrank by 0.1 in unadjusted terms, INEGI said. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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