While Mexico now faces a combination of unprecedented risks that continue to test its resilience to unfriendly economic headwinds, both at home and abroad, the economy benefits from a high degree of regulatory maturity and sound macroeconomic management.
Mexico’s economy is the second largest in Latin America after Brazil and is ranked 15th in the world in terms of GDP. The IMF forecasts Mexico’s economy will grow by 2.3% in 2018 and 3% in 2019. Against the backdrop of critical national elections and the ongoing renegotiation of the North American Free Trade Agreement, 2018 are 2019 are likely to be a turbulent year for Mexico. In spite of this, the business community remains highly optimistic.
Economic Roundup: Latin America: Time to build a bloc