Macro Analysis /
GlobalMexico: 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
Juan Carlos Alderete Macal
Director of Economic Research @ Banorte
Francisco Jose Flores Serrano
Senior Economist, Mexico @ Banorte
21 June 2022
Published byBanorte
