Macro Analysis /

Mexico: Aggregate supply and demand – Ending last year on a weak note

  • Aggregate supply and demand grew 0.1% q/q (3.0% y/y), sixth consecutive quarter of the recovery

  • Exports (3.5%) boosted the result and, and to a lesser extent consumption (1.4%), due to better COVID-19 dynamics

  • We maintain our 2022’s GDP forecast at 2.4%, but recent events have tilted the balance of risks further to the downside

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

22 March 2022
Published byBanorte


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