In your latest forecasts, the central bank of Mexico (Banxico) He said this Wednesday that he hopes Gross Domestic Product (GDP) expand 4.8% in 2021 and 3.3% in 2022, as reported Reuters.
Additional declarations
“Banxico forecasts an inflation of 3.6% in the fourth quarter of 2021”.
“The economy is expected to create between 250,000 and 570,000 jobs in 2021.”
“The Mexican economy is expected to create between 390,000 and 590,000 jobs in 2022.”
“Headline inflation is expected to rise during the second quarter.”
“Conditions need to be created to attract greater investment, improve business perception and strengthen the institutional framework.”
“The episodes of depreciation of the peso are considered a risk for inflation.”
“The balance of risks to growth is skewed to the downside.”
“Headline inflation is expected to approach the bank’s 3% target over a 12-24 month horizon.”
Market reaction
The pair USD/MXN it continues to climb after this report and was last seen gaining 1.75% on the day at 20.9640.
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