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Macro - Country Economic Forecasts - Mexico

Publisher Oxford Economics
Published Mar 10, 2022
Length 9 Pages
SKU # OFE17034041

Description

Macro - Country Economic Forecasts - Mexico

The escalation of the Ukraine-Russia conflict has added an extra layer of uncertainty to our outlook just weeks after the threat of the Omicron outbreak started to wane. Mexico's direct trade links with Russia and Ukraine are marginal, but the massive surge in commodity prices and the additional strain on global supply chains add downside risks to our outlook. We maintain our 2022 GDP growth forecast at 2% but we have cut our 2023 forecast by 0.2ppts to 2.7%. The government refuses to join sanctions against Russia, but the industrial sector remains vulnerable to disruptions of semiconductors and metals.

Table of Contents

9 Pages
Untitled Chapter
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics
How Do Licenses Work?
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