Analysts predict 2.9% GDP progress in Mexico this yr

Analysts predict 2.9% GDP progress in Mexico this yr

Mexican News
Mexico’s financial system will develop 2.9% in 2023 whereas the Mexican peso will commerce at slightly below 18 to the US greenback on the finish of the yr, in line with consensus forecasts of analysts surveyed by Citibanamex. The financial institution surveyed analysts from 32 banks, brokerages and different monetary establishments and printed the outcomes on Tuesday. In accordance with consensus from varied analysts, the Mexican peso will finish the yr just under 18 to the US greenback. (ANDREA MURCIA /CUARTOSCURO.COM) The consensus forecast for GDP progress this yr is 0.2 proportion factors greater than that printed by Citibanamex two weeks in the past. The predictions of the analysts surveyed ranged from 2.3% to three.5%. Even essentially the most optimistic forecasts, which got here from analysts at French financial institution…
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Analysts predict peso will finish the 12 months slightly below 18 to US greenback

Analysts predict peso will finish the 12 months slightly below 18 to US greenback

Mexican News
Mexico’s peso was checking in early by mid-afternoon Tuesday at 17.12 pesos to the U.S. greenback — a minor lower in comparison with Monday, when it closed at 17.08. However primarily based on the estimates of some latest surveys, the forex is prone to have its worth shaved considerably through the development of 2023, earlier than ending the 12 months at 17.90 or 17.95 pesos, say specialists One banking specialist even estimated that the peso would weaken to 19.50 pesos to the U.S. greenback. The Financial institution of Mexico survey revised earlier estimates for the December change fee with the U.S. greenback. (Alfonso21/Wikimedia) Banxico’s July 2023 survey, which gathered enter from overseas change market specialists, estimated that the peso will attain 17.90 per U.S. greenback by the tip of December.…
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