LatAm Daily | In Mexico, Banxico cuts growth expectations for 2016 and 2017
Published on Friday, March 4, 2016
LatAm Daily | In Mexico, Banxico cuts growth expectations for 2016 and 2017
Summary
In Brazil it was confirmed that the recession continued in the last quarter of the year and will do so in 2016. For this year we expect a contraction of 3% driven by declines in investment and private consumption. Banxico now expects growth in Mexico of between 2 and 3% by 2016. The cuts in the forecast are mainly attributed to the lower expected foreign demand.
Geographies
- Geography Tags
- Latin America
- Brazil
- Colombia
- Mexico
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Enestor Dos Santos
BBVA Research - Principal Economist
Hugo Perea
BBVA Research - Chief Economist
Cecilia Posadas
BBVA Research - Principal Economist
Jorge Selaive
Carlos Serrano
BBVA Research - Chief Economist
Juana Téllez
BBVA Research - Chief Economist