Mexican economy 'shines' in Latin America: UBS

By Elliot Bullman

An economist at Swiss bank UBS said that Latin American economies are slow to grow, with the exception of Mexico; However, it is the only country in Latin America where inflation is well above the target.

Growth in Latin American economies this year has been slower than expected, with the exception of Mexico, which has posted better growth rates than economists anticipated.

mexico economy win

According to Rafael de la Fuente, an economist at Swiss bank UBS, the recession in Brazil and Argentina has taken longer than expected, while growth has also disappointed in the Andean region.

According to the economist, the only country where today's growth is stronger than the bank predicted is Mexico, which seems to be leaving behind the uncertainty of US-related policies and seeing a more balanced growth profile.

UBS believes that the external adjustment of the region at the end of the commodity supercycle is over. However, and again, without Mexico, this has not translated into a significant recovery of volume exports in the region despite a better tone for the world economy.

As for inflation and the monetary policy of the Bank of Mexico, UBS indicated that Mexico is the only country in Latin America that inflation is well above the target and continues to rise. However, the economist believes that inflation is likely to reach a turning point and fall back quickly next year, opening up the possibility of monetary easing already in the first half of 2018.

RELATED NEWS

  • Yahoo says all 3 billion accounts hacked in 2013 data theftYahoo says all 3 billion accounts hacked in 2013 data theft
  • Three European airlines have folded since August.Three European airlines have folded since August.
  • Opening date set for new Mayan theme park in CancunOpening date set for new Mayan theme park in Cancun
  • Investment of $5.3bn announced for 3 Special Enterprise ZonesInvestment of $5.3bn announced for 3 Special Enterprise Zones
  • Steelmakers announce big spending plansSteelmakers announce big spending plans
  • Mexico national team extends TV deal with Televisa and TV AztecaMexico national team extends TV deal with Televisa and TV Azteca
  • US and Canada Round on Mexico in the latest NAFTA talksUS and Canada Round on Mexico in the latest NAFTA talks
  • Stolen funds could pay for Mexico´s colossal earthquake damageStolen funds could pay for Mexico´s colossal earthquake damage
  • Mexico eyes record Year for IPOsMexico eyes record Year for IPOs
  • US Sports stars round on US presidentUS Sports stars round on US president
  • At least 16 nations rally to Mexico’s aidAt least 16 nations rally to Mexico’s aid
  • Political parties will donate electoral budget to earthquake victimsPolitical parties will donate electoral budget to earthquake victims
WATCH LIVE TV



Most Read Articles
Most Watched Videos
  • Generations Riviera Maya
  • Mayair

Language

Mexico News Network
All rights Reserved 2017