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EconomyThe Mexican economy will lose strength in 2023, Banxico...
Economy

The Mexican economy will lose strength in 2023, Banxico predicts

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The Bank of Mexico (Banxico) estimated this Wednesday a lower growth for the national economy in 2023.

Faced with a reduction in global economic expectations, Banxico reduced its growth forecasts for the country to 1.6% from a previously estimated 2.4%.

For this year, expectations remain at 2.2%.

For the generation of jobs before the IMSS, Banxico estimates more jobs with a range of 640,000 to 800,000 jobs. For the next year, the creation of between 420,000 and 620,000 jobs is expected. A lower amount than this year.

Have you checked your tickets yet? Counterfeiting increases in 2022

Although banknote counterfeiting has already been down for three consecutive years, this year the crime has increased by 276,225 counterfeit pieces.

Banxico responds: What will happen to the 10 and 20 cent coins, and what...

This year, the Bank of Mexico ordered the minting of 2,285 million coins, of which 507 million correspond to 50 cents.

The United States is headed for a 9-month economic recession

Barclays estimates that the economy of Mexico's main trading partner will enter a recession in the fourth quarter of 2022 and will resume growth in the second half of 2023.

We must insist: inflation is a monetary phenomenon

The act of "inviting" basic food companies to keep their prices fixed to reduce inflation is a very desperate measure that has future costs, points out Iván Franco.

Private analysts expect more inflation in 2022

Banxico's survey of private sector analysts indicates that higher economic growth and higher inflation are expected; the interest rate would close at 10.25%.

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