Leading ITAM and UNAM economists predict a 2019 recession for Mexico

Leading ITAM and UNAM economists predict a 2019 recession for Mexico

Amid diverse projections of different scholars, groups and financial companies on what awaits in 2019 for the Mexican economy, economists of the main universities of the country agree that the growth of the gross domestic product of the country will not be as high as anticipated by the federal government and they even warn that the risk of suffering a recession is real. In line with the projections of organisms, such as the IMF, and financial firms, such as the English Barclays, the specialists consulted by Forbes Mexico consider that the economic growth of the country at the end of 2019 will be well below the estimated 2% anticipated by president Andrés Manuel López Obrador. In addition, experts point out that the ratification of the Treaty Mexico, the United States and Canada (T-MEC), is one of the points that could play in favor or against the national economy, since it is one of the most robust trade agreements for the country its approval or rejection will have significant repercussions. Growth, below what is desired Valeria Moy, (PHOTO: ALEJANDRO MELÉNDEZ) Valeria Moy, a professor at the Autonomous Technological Institute of Mexico (ITAM), considered that the 4% goal is not even on paper, but based on what the president says. Estimates that Mexico’s GDP grow 1.2% during this year “if it goes well”, figure below the estimate of Andrés Manuel López Obrador (2%). Although Moy recognizes the possibility of growing to 4% theoretically, she sees nothing in the new government that […]

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