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.
