Despite uncertainty over NAFTA, Mexico will continue to grow

By Staff MNN

The IMF forecasts that by 2018 the growth will be of 1.9 percent.

According to the International Monetary Fund, Mexico will grow 2.1 percent this year, a forecast above 1.9 percent that was anticipated in July.

mexico economy win

IMF economic adviser Maurice Obstfeld commented that "Anything, including the renegotiation of NAFTA, will have an effect on the supply chains and these could be upset, which represents a lot of risk.”

Obstfeld also pointed out that Mexico has certain structural problems and that it is not following the trend in the region of low inflation and that although it has made significant progress in its micro-management, more can be done.

Maurice Obstfeld

Finally, it is expected that the country's general inflation will close the year at 5.9 percent, due to the release of gasoline prices and the depreciation of the peso at the beginning of the year, but they anticipate that by 2018 the indicator will return to the target range of the Bank of Mexico which is between 2 and 4 percent.

imf

RELATED NEWS

  • Mexico will become the 7th world market for solar energyMexico will become the 7th world market for solar energy
  • The richest Latino in the U.S. arrives in Mexico with realty projects worth $2bnThe richest Latino in the U.S. arrives in Mexico with realty projects worth $2bn
  • SkyAlert App can save lives in an earthquakeSkyAlert App can save lives in an earthquake
  • Artificial Intelligence is Transforming Mexico’s Financial SectorArtificial Intelligence is Transforming Mexico’s Financial Sector
  • Mexico’s IRS Chief Evaluates Blacklisting the United States as a Tax Haven (REFIPRE)Mexico’s IRS Chief Evaluates Blacklisting the United States as a Tax Haven (REFIPRE)
  • AmericaAmerica's Passion for Guns: Ownership and Violence by the Numbers
  • US Breaks Ground on New Embassy in Mexican CapitalUS Breaks Ground on New Embassy in Mexican Capital
  • Cape Town Drought Declared a Cape Town Drought Declared a 'National Disaster'
  • Canada and the U.S Exchange Criticism Amid Rising Tensions over NAFTA NegotiationsCanada and the U.S Exchange Criticism Amid Rising Tensions over NAFTA Negotiations
  • Oxfam: Deputy Resigns Over Sex Claims Amid Crisis TalksOxfam: Deputy Resigns Over Sex Claims Amid Crisis Talks
  • TrumpTrump's Infrastructure Blueprint Labelled a 'Scam'
  • Mexico Leads OECD Nations in Reducing Mobile Interconnection RatesMexico Leads OECD Nations in Reducing Mobile Interconnection Rates
WATCH LIVE TV



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

Language

Mexico News Network
All rights Reserved 2018