CEPAL reduces its economic growth forecast for Mexico to 2.2%

The Comision Economica para America Latina y el Caribe (CEPAL) adjusted its forecast of economic growth for Mexico in 2018 to 2.2%, in comparison to the 2.3% that had been foreseen in April.

The adjustment was due to the effect of lower public investment and the ‘battle’ to control inflation, said Alicia Barcenas, the agency’s Executive Secretary.

Barcenas added that there are uncertainties in Mexico regarding protectionism in general, but the probable conclusion of the negotiations of the North American Free Trade Agreement (NAFTA) will allow the levels of foreign investment to stabilize.

“I believe that the new infrastructure projects, as posed by the incoming government, are positive strategies that will empower investments in Mexico,” explained Barcenas.