Mexico: Aggregate supply and demand – Good results in consumption and trade

  • Aggregate supply and demand rose 1.2% q/q (2.9% y/y), seventh consecutive quarter of the recovery

  • Private consumption (3.4%) was the main driver, but also with positive results in exports (2.6%) and investment (2.5%)

  • We expect a slowdown in 2Q22, but we maintain our 2022 GDP forecast at 2.1%, given the strength of domestic demand

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