• ZERO: Growth forecasts for the Mexican economy are converging towards even lower GDP growth estimates with three different financial institutions saying Tuesday that the country’s growth rate for 2019 will actually be closer to zero percent.
• ESTIMATES: Just yesterday, Bank of America Merrill Lynch (BofA) said that the Mexican economy will have zero growth in 2019, bringing down their October estimate of 0.5%. Meanwhile, Monex financial group and IMEF -a private sector think tank- agree on a 0.1% growth for 2019.
• INVESTMENT: “”We consider it normal for GDP to show a significant slowdown in the first year of Government …Yet investment has taken longer than in other years to reactivate…It’s taking more work to generate…trust for the investment”, said Fernando López Macari from IMEF.
• GOVERNMENT: While the International Monetary Fund (IMF) has yet to publish a final estimate for 2019, Mexico’s Ministry of Finance still expects growth for 2019 to be between 0.6% and 1.2% of GDP according to a document presented to the Mexican Congress last week.
