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November 2, 2021
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Private sector analysts lower forecast for Mexico’s GDP

Private sector analysts lower forecast for Mexico's GDP

The analysts consulted in the study raised the outlook for 2022 to 2.90% compared to the 2.88% they had anticipated in September.

The survey also reflected an increase in the forecast for headline inflation for the end of 2021, which they expect to be at 6.60%, compared to 6.26% estimated the previous month.

This is more than double the central bank’s goal, which is to keep it close to 3% per year.

For 2022, the new expectation is that headline inflation will close at 3.93%, a figure higher than the 3.84% projected by specialists a month earlier.

Regarding the exchange rate, analysts predicted that the peso would close the year at 20.38 units per dollar, while in the previous survey the projected price was 20.22.

By the end of 2022, analysts estimate that it will remain at 21.04 pesos per dollar.

The forecast for foreign direct investment (FDI) fell slightly to $ 27.603 million from a previous projection of $ 28.067 million.

With information from EFE



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