Macro Analysis /
GlobalMexico: 1Q22 GDP – We reiterate our 2.1% forecast after an upward revision
GDP was revised higher relative to the preliminary print, advancing 1.0% q/q (+1.8% y/y) on better industry and services
For March, the GDP proxy IGAE rose 0.3% m/m, with industry resilient, but a marginal downtick in services
We reiterate our 2.1% full-year estimate. We recognize higher risks and uncertainty in 2Q22, seeing a deceleration
Alejandro Padilla Santana
Executive Director of Economic Research and Financial Markets Strategy @ Banorte
Contributors
25 May 2022
Published byBanorte
