INSUBCONTINENT EXCLUSIVE:
The Bank of Mexico (Banxico) believes Mexico will grow 3% in 2023 and has adapted its estimates.It is also positive about 2024, President
22.Most of them anticipated a 2.9% increase in the economy for this year.For 2024, Banxico anticipates the economy expanding between 1.3%
Its main estimate is 2.1%, higher than the previous 1.6%.The central bank noted that the strength of the Mexican economy led to a
higher-than-expected increase in the second quarter.This resulted in higher expectations for the entirety of 2023.This also means there is a
stronger base for expansion next year
So, the expected change in GDP for 2024 has been revised upwards.Even though the anticipated expansion of US industrial production in 2024
this.So, a reduction in economic activity is still anticipated compared to the recently observed activity.This is consistent with the
