Mexico Information Technology Q4 2019
We envisage sustained and robust medium-term (2019-2023) growth in Mexico's IT market and industry. The spendingoutlook is positive as the economy expands and modernises, which will especially benefit software and services vendors. Meanwhile,the industry is growing as a centre for nearshore delivery of IT services and could benefit from a tighter immigration regime in theUS, but there is downside risk for the hardware industry due to the increased use of tariffs by the US as a tool for extractingconcessions on other issues. Downside risks include the external environment, with a slowdown in the US likely to transmit toweaker domestic economic growth, and the implementation of the USMCA that is replacing NAFTA.
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