Mexico’s Central Bank doesn’t expect a recession in Mexico or the US

Victoria Rodríguez Ceja, Governor of the Bank of Mexico (Banxico), assured this Wednesday that the national economy is not headed for a recession, this after the cut in the growth forecast for 2023.

"We are not expecting a recession in the United States or in the case of Mexico," he said at the presentation of the quarterly report, April-June 2022.

When presenting the document, the official highlighted that inflation has continued to present unanticipated shocks, reaching levels higher than expected, which is why it is at levels not seen in two decades.

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