Rising Exports To Narrow Mexico's Current Account Deficit
- Fitch Solutions forecast Mexico's current account deficit to narrow in the coming years, supported by robust manufacturing goods export growth.
- The modest current account shortfall will be covered by capital inflows, as Mexico remains an attractive investment destination.
- However, Fitch note risks to this outlook amid policy shifts under President Andrés Manuel López Obrador (AMLO) and uncertainty surrounding the US passage of a revised North American Free Trade Agreement (NAFTA).
(Source: Fitch)