Specialists consulted by the Bank of Mexico (Banxico) expect that the Gross Domestic Product (GDP) of the country will register a growth of 3.5 percent during 2021.
The rebound in the Gross Domestic Product (GDP) will occur after the economy contracted 8.5 percent during 2020, its biggest drop since the 1932 crisis.
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The Covid-19 pandemic, which forced Mexico to close its activities between March and June, was the main reason for the country’s historical economic collapse, although not the only one.
However, among the risks to growth are the weak domestic market, the uncertainty about the local economic situation and domestic politics, as well as the fragility of the external market and the global economy.
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Most of the analysts surveyed considered that the business climate will remain the same during the next six months, as they assured that given the current situation it is bad time to make investments.
By 2021, they estimated the creation of 360 thousand jobs registered with the IMSS, together with an unemployment rate of 4.4 percent.
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In addition, the exchange rate will end the year at 20.20 pesos per dollar, with a 3.75 percent interest rate.
It should be noted that the responses to the survey were collected between January 19 and 28, a process in which 36 economic analysis and consulting groups from the national and foreign private sector participated.
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