Mexico | Global economic recession affects external accounts

Summary

Our forecasts indicate that the current account deficit will stabilize around 1.5% of GDP in the medium term and there will not be a structural problem for its financing.

Key points

• Key points:
• Annual drop of 29.6% in net foreign direct investment in 1H20
• The current account surplus decreased by USD 4.4 billion in the second quarter of 2020 vs. the same period of last year, mainly due to the trade balance on non-oil goods posting a much lower surplus

Geographies

Topics

Tags