Mexico’s economic growth would decrease in the following quarters, despite the good result of the first half of the year, while inflation is expected to stabilize in the second half and gradually decline, the International Monetary Fund (IMF) in the conclusions of a mission to the country.
The Secretary of Finance revised in September its estimate of the growth of the Mexican economy for this year to 2.4% and estimated that it would rebound to 3% in 2023.
In addition, he forecast that inflation, currently at its highest level in more than two decades, would more than halve to 3.2% in December next year.
The IMF mission affirmed in a document that Mexico is well positioned in a potentially turbulent environment due to its macroeconomic prudence and fiscal and monetary management, but pointed out that a more predictable energy policy open to private participation would boost competitiveness and investment.
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