Mexico: Lower growth and inflation in 2023, Banxico to decouple from the Fed – BBVA – by MSalordFX Mexico Growth Inflation Banks
the Research Department at BBVA, Banxico will decouple from the Fed in 2023 and they see lower growth and inflation in Mexico. “We expect lower growth and inflation in 2023. GDP would grow 3.0% in 2022 driven by the manufacturing sector. We stick to our 0.6% GDP growth forecast for 2023 but with an upward bias considering the 3Q22 data, INEGI’s revisions, and the effect of nearshoring.”
“We expect the exchange rate will be 19.6 pesos per dollar by December 2022 and 20.1 pesos per dollar by the end of 2023.” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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