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

  • Why did the Mouse eat the Fox? To get to the other side.Why did the Mouse eat the Fox? To get to the other side.
  • Ford Motor to shift midsize sedan production out of MexicoFord Motor to shift midsize sedan production out of Mexico
  • Mexico’s CFE increases Power Tariffs by 4.3%Mexico’s CFE increases Power Tariffs by 4.3%
  • Fed raises interest rates, sets stage for more increases in 2018Fed raises interest rates, sets stage for more increases in 2018
  • Set aside part of your Christmas bonus to your retirement accountSet aside part of your Christmas bonus to your retirement account
  • Brexit deal is a Brexit deal is a 'gentleman's agreement' says EU
  • Bitcoin futures trading begins on CBOE exchange in ChicagoBitcoin futures trading begins on CBOE exchange in Chicago
  • Mexico’s Presidential Campaign Season Heats up as Ricardo Anaya Joins the ForayMexico’s Presidential Campaign Season Heats up as Ricardo Anaya Joins the Foray
  • The Fate of Bitcoin is in the Hands of a Thousand PeopleThe Fate of Bitcoin is in the Hands of a Thousand People
  • Apple Plans to Acquire ShazamApple Plans to Acquire Shazam
  • Mexican Launches his own Mexican Launches his own 'Netflix'
  • Despite NAFTA and AMLO, Mexico maintains stable outlookDespite NAFTA and AMLO, Mexico maintains stable outlook
WATCH LIVE TV



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

Language

Mexico News Network
All rights Reserved 2017