Analysts predicted that 2023 will be a “just as turbulent” year as 2022 because risks such as a global economic slowdown continue.
However, there is some optimism among them that inflation will subside and, with it, the end of a cycle of aggressive increases in the reference rate.
About the war between Russia and Ukraine, uncertainty continues, as well as the presence of Covid-19.
“I would divide the expectation for 2023. The start of the year will be very inertial and complicated as 2022 was because risk factors remain latent, such as expectations of a possible recession in some countries. Although for the year to date the outlook is positive, we believe that the Stock Markets could recover, including the Mexican market, because the economy could perform better than other regions due to low valuations”, explained Jacobo Rodríguez, Director of Analysis at Black Wallstreet Capital.
This new year is looming as a challenging one, mainly due to the monetary policy implemented around the world to try to contain inflation,” said Alain Jaimes, a senior analyst at Signum Research.
He said that “in addition, high interest rates at high levels for a longer period of time play against the stock market, not only because of the effect on valuations, but also because, at higher interest rates, economic growth may be compromised, That is why 2023 is estimated to be a year of slowdown worldwide”.
The Signum Research strategist considered that Mexico is not exempt from said economic dynamics.
For this reason, he said, additional adjustments in the prices of various shares could materialize, however, there are still some issuers that are at a very good price, with robust fundamentals and, in a scenario of economic slowdown, could represent an interesting investment point. .
it was a bad year
In 2022, the main index of the Mexican Stock Exchange, the S&P/BMV IPC, concluded with an annual loss of 9.03%, while the FTSE-Biva, of the Institutional Stock Exchange, fell 8.09 percent.
Despite the resilience of Mexican stocks seen throughout the year, 2022 will be framed as the lowest year since 2018, when the BMV fell 15.63 percent.
Despite this, “the Mexican market had better luck since the results and dynamism were, for the most part, recovery, with this, several issuers saw their share prices increase,” said Alain Jaimes.
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