EconomyThese are the main obstacles for the Mexican economy...

These are the main obstacles for the Mexican economy during the next 6 months, according to Banxico

Governance problems , such as public insecurity, lack of rule of law, political uncertainty, impunity and corruption, are the main obstacles to national economic growth in the next six months, according to economic specialists surveyed by the Bank of Mexico ( Banxico ).

According to the response percentages on the main barriers, in addition to governance (45%), inflation problems (18%) and external (15%) and internal conditions (13%) stand out.

The results of the survey released this Thursday estimate that Banxico will fail this and next year to reach its inflation target of 3% +/- one percentage point, since increases of 8.13% and 4.66% are estimated for 2022 and 2023 , respectively.

Analysts forecast that underlying inflation, that is, the one that excludes the most volatile prices, will stand at 7.67% and 4.44%, in the corresponding period.

Mexico’s GDP will grow 1.9% in 2022 and then slow down to 1.36 in 2023, says Banxico.

The Board of Governors of Banxico reported this Wednesday that among the main risks facing the Mexican economy for the coming months are lower demand from the US, that geopolitical conflicts continue and that the recovery in investment spending is lower than expected for support the process of reactivating the economy and long-term growth.

Mexico will have 1.29 billion pesos of income via debt in 2023

According to Gabriel Yorio, Undersecretary of Finance, the amount is in line with the goal of maintaining debt as a percentage of GDP in a constant and stable manner.

LAST MINUTE: The Income Law and the Law of Rights 2023 pass to the...

The Treasury and Legislative Studies commissions voted in favor of the opinions of both laws to be discussed and voted on in the upper house on Tuesday.

China's economy grows 3.9% in the third quarter of 2022

The second largest economy in the world grew 3.9% between last July and September, a figure higher than the 0.4% increase in the previous three months.

What to do if the transmission does not work?

We can be certain that the decisions that have already been made, since the increases in interest rates began, will soon make a dent in price levels, considers Ángel Huerta.

The Mexican economy has a gray outlook for 2023

The Ministry of Finance and Public Credit estimates that in 2023 the GDP will have a rebound of 3%, however that figure seems optimistic, since it doubles the expectations of organizations such as the OECD and the IMF.