Mexico: Ahead of the Curve

  • We expect 1Q22 GDP at +1.1% q/q, boosted by industry and services and showing that the recovery of the economy resumed

  • We expect a US$1.5 billion surplus in March’s trade balance, with sequential performance likely showing positive results

  • Other releases include Feb’s retail sales and IGAE, as well as Mar’s unemployment, public finances, and banking credit

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