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International economic organization raises Mexico's GDP expectations for 2022 and 2023
Solid growth of activity in the first three quarters and the strengthening of consumer consumption are the primary growth of the Mexican GDP.
The Organization for Economic Cooperation and Development ( OECD ) raised its growth expectation for Mexico and anticipates that Mexico's Gross Domestic Product (GDP) this year will register a growth of 2.5 percent.
This forecast is above the 2.1% estimated by the entity's economists in September and represents a second consecutive increase over their projections in three months.
The new OECD forecast is above the updated estimates of the International Monetary Fund ( IMF ), which is at 2.1%; from the Economic Commission for Latin America and the Caribbean ( Cepal ) of 1.9% and that of the World Bank, which stands at 1.8% and is in line with the specific forecast of the Mexican government of 2.4 percent.
By 2023, the entity's experts estimated that the GDP will achieve an advance of 1.6%, which incorporates a slight upward adjustment from the 1.5% estimated in September and is far from the 3% under which the Mexican government developed its federal budget.
Solid growth of activity in the first three quarters and the strengthening of consumer consumption are the primary growth of the Mexican GDP.
The Organization for Economic Cooperation and Development ( OECD ) raised its growth expectation for Mexico and anticipates that Mexico's Gross Domestic Product (GDP) this year will register a growth of 2.5 percent.
This forecast is above the 2.1% estimated by the entity's economists in September and represents a second consecutive increase over their projections in three months.
The new OECD forecast is above the updated estimates of the International Monetary Fund ( IMF ), which is at 2.1%; from the Economic Commission for Latin America and the Caribbean ( Cepal ) of 1.9% and that of the World Bank, which stands at 1.8% and is in line with the specific forecast of the Mexican government of 2.4 percent.
By 2023, the entity's experts estimated that the GDP will achieve an advance of 1.6%, which incorporates a slight upward adjustment from the 1.5% estimated in September and is far from the 3% under which the Mexican government developed its federal budget.
