La Jornada: The expectation of economic progress rises to 1.2%

Financial analysts consulted by the Bank of Mexico (BdeM) improved their growth expectation for this year, moving it from 1.1 to 1.2 percent, although below the minimum of 1.5 percent anticipated by the Ministry of Finance.

In reaction to the factors that could hinder the country’s economic growth in the next six months, they consider that, at a general level, the main ones are associated with governance (44 percent), external conditions (26 percent) and internal economic factors (22 percent).

In its survey on the expectations of private sector economic specialists for July, the central bank highlighted that inflation is expected to close at 4 percent and not 4.2 percent, as forecast in July.

Regarding the forecasts for 2027, there were no changes. The inflation estimate remains at 3.84 percent and the economic growth estimate at 1.8 percent.

Analysts expect the exchange rate to end the year at 17.88 pesos per dollar, the same level forecast in July.