Mexico Likely To See Modest Growth Rebound In 2020

• While Mexico is expected to see weaker growth in 2019, it will likely see stronger activity in 2020 on the back of private consumption, rising exports and private infrastructure investment.
• Fitch Solutions has revised its real GDP growth forecast for 2019 down to 0.1%, from 0.6% previously, due to weakness in the manufacturing sector and investment. The forecast is that the economy will pick up pace in 2020 growing 1.2%.
• That being said, uncertainty over the global economic outlook and the potential for additional erratic policymaking under President Andrés Manuel López Obrador (AMLO) are the main downside risks to the country’s performance.

(Source: Fitch Connect)