Mexico | Lower oil deficit favors trade balance

Summary

To allow the country to maximize the economic benefits of nearshoring in the medium term, the next federal government could formulate a national infrastructure plan and favor an industrial policy that enhances investment in renewable energy, electric vehicles and information technologies.

Key points

• Key points:
• The current account surplus in the third quarter of 2023 was mainly due to the surplus in the balance on secondary income.
• Net foreign direct investment posted an increase of 35.5% YoY in January-September of 2023 when comparing preliminary figures.

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