Far below, with 17%, conditions coming from abroad are considered, with the weakness of the foreign market being the main barrier to economic growth.
Last week, the Mexican government reported that with 2,846 victims of intentional homicide and feminicide, October became the second most violent month of the year, only behind May when more than 2,900 violent deaths were exceeded.
The Organization for Economic Co-operation and Development (OECD) also recently announced that the growth of the World economy will go from 3.1% this year to 2.2% in 2023before rebounding to 2.7% in 2024.
Against a backdrop of war in Ukraine, “growth is at half-mast, high inflation is persistent, confidence has deteriorated and uncertainty is high,” the Paris-based organization said.
Analysts surveyed by Banxico lowered their estimate for inflation at the end of 2022 to 8.36% from 8.50%, while they increased that of economic growth to 2.8% from the previous 2.10%.
They expect the central bank interest rate to end the year at 10.50% from the 10% it currently stands at.
