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The OECD expects Mexico’s GDP to grow 5% in 2021

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The OECD expects Mexico’s GDP to grow 5% in 2021

The Organization for Economic Cooperation and Development (OECD) adjusted its growth projections for Mexico upwards, from 4.5% to 5% for 2021, and from 3% to 3.2% the following year, Diabetes Mailing List indicates the Economic Outlook . Although the country is growing, “the recovery of a large part of the service sector, advances in vaccination, the gradual improvement of the labor market,

Although exports to the United States are expected from abroad to boost the economy, a risk that may affect the dynamics from abroad is the rebound in inflation, especially if it is faster and more vigorous than expected in the neighboring country. González Pandiella affirmed that if it happens, it will imply a withdrawal of monetary support to the US economy earlier than expected, “which can generate financial volatility,” which in turn will affect Mexico Costa Rica officially becomes a member of the OECD

Diabetes Mailing List

The main risk for Mexico is the health situation, which could cause a rebound in COVID-19 -19 infections and a new confinement that delays the opening of the economy and the recovery of consumption. Therefore, it is essential to “accelerate the cpa email list  vaccination process as much as possible to mitigate this risk ”.and the great challenge will be “to start the investment engine” to strengthen growth in the short and medium term , explained the OECD economist for Mexico, Alberto González Pandiella.

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