Macro Analysis /
Global

Mexico: Ahead of the Curve

  • We expect 2Q21 GDP at +1.6% q/q (+19.8% y/y), aided by a broader recovery despite supply chain issues

  • June’s trade balance would post a US$2,005.3 million surplus, with headwinds for manufacturing exports

  • Other relevant reports include May’s GDP-proxy, as well as June’s unemployment rate, banking credit and public finances

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

Banorte
23 July 2021
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