Puerto Vallarta News

Puerto Vallarta News

Mexico will have “zero growth in 2023″: Bank of America

Mexico will have "zero growth in 2023," as Bank of America Securities predicted, drastically lowering its growth estimate for the country over the next year from 1% to zero.

According to the firm, this will be a consequence of the expected economic slowdown in the United States -which will have an impact on Mexico-, high-interest rates, in addition to the conflict on the energy issue within the framework of the trade agreement between Mexico, the United States and Canada (T-MEC) due to the policies implemented by the government of Andrés Manuel López Obrador . . .

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