Mexico | The current account figure confirms economic recovery in 1Q21

Summary

Even though the economic recovery continued during the first quarter of the year, both the lower current account deficit in 1Q21 vs. 1Q20 and the sizable contraction of Net Foreign Direct Investment still reflect some economic weakness

Key points

• Key points:
• The current account deficit decreased by USD 2.4 billion in the first quarter of 2021 vs. the same period of last year, mainly due to the lower deficit of primary income
• The balance of payments does not show risks of external imbalances

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