Domestic market: Mexican economy’s driving force
Mexico.- Economic deceleration in the USA and the European crisis may be factors exerting a negative influence on Mexican economy growth in the second half of the year. However, specialists concur that growth slowdown will be kept at a minimum, thanks to the support provided by domestic demand.
Some trend indicators, such as the forward indictor prepared by the Mexican Statistics Agency, INEGI, warn that Mexican economy could be entering into a deceleration stage, but analysts consider other data show Mexico’s resistance to the international economic environment.
GDP for the second quarter of the year will be disclosed this week. Specialists asked by Banco de Mexico (Banxico) estimate annual growth in 3.95% a figure that, if confirmed, will provide for semi-annual growth above 4%.
Source: El Economista | Date: 14/08/2012