Jump to content
Afrii Diaspora Dialogue
  • Mexico Faces Risk From Major US Economic Slowdown

    Mexico Faces Risk From Major US Economic Slowdown

    The Mexican Institute of Finance Executives (IMEF) warned that the Mexican economy is facing risk from an expected U.S. economic slowdown and global inflation.

    RELATED: 

    Mexico Raises Key Interest Rate Again Amid Inflation Risks

    In its updated monthly forecast, the IMEF upgraded expected economic growth in 2022 from 1.9 percent to 2.5 percent, but lowered it for 2023, from 1.2 percent to 1.1 percent.

    "Among the most important factors for Mexico's economic growth in 2023 is the U.S. economy's performance, which is expected to have a significant slowdown," IMEF President Alejandro Hernandez said.

    Over the last two months, global financial markets showed "exacerbated" volatility, with strong adjustments in asset prices due to inflation and central bank monetary policies.

    "This uncertainty is likely to continue over the coming months, so we expect high volatility in financial markets to persist," Hernandez said.

    Mexico's 2023 economic growth will also depend on the "degree of tightening" of monetary policy in the U.S. and Mexico to contain inflation, and on the regional relocation of suppliers for the U.S. market, he added.

    Given that the short-term imbalances in the global economy are related to the Ukrainian conflict, Mexico on Tuesday asked the G20 countries to promote an "immediate" dialogue to end the war as soon as possible.

    View the full article


    Khamisi
     Share

     Share


    User Feedback

    Recommended Comments

    There are no comments to display.



    Guest
    Add a comment...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.

About

Afrii-Diaspora Dialogue

A Platform for Dialogue for the African diaspora

A cultural and community website with a GO.A.L. to UpLift™ and EmPower™ the many different peoples, cultures, and communities of the Black and African diasporas.

Main links

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue. Guidelines, Privacy Policy, Terms of Use