Analysts reduce growth expectations for Mexico in 2022

Analysts reduce growth expectations for Mexico in 2022

The survey, which is done to 38 local and foreign analysts, also modified growth for 2023 downwards, to place it at 2.14%.

There is also no good news regarding inflation: analysts expect headline inflation to close this year at 4.42%, outside Banxico’s target range.

For 2023, inflation is expected to converge to the target and close at 3.73%. inflation closed 2021 at 7.3%, the highest level in two decades.

Banxico raised its reference rate to 5.50% last December and analysts expect the rate to close the year at levels of 6.75%.



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