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 . . .
This independent news site is supported by subscribers.
Login now, or subscribe today. As a premium subscriber to our independent news site, for as low as .10 cents per day, you'll unlock full news coverage of the events that shape our city, exclusive interviews with local influencers, and in-depth reports that get to the heart of Puerto Vallarta's unique challenges and triumphs, while also learning more about news throughout Mexico that makes a difference. Help us sustain the future of independent journalism in Puerto Vallarta. It's a small market so advertising doesn't make a dent in the costs, but you can help! Subscribe today and become an essential part of the conversation.