Macro Analysis /

Mexico: Current account – Lower deficit in 2Q22, offset by secondary income

  • Current account deficit of US$703.5mn. Negative trade & primary income balances and a surplus in secondary income

  • Net borrowing of US$114.7mn in the financial account, with outflows centered in portfolio investments

  • We expect a deficit in 3Q22 on lower energy prices and despite remittances remaining as a strong source of inflows

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

26 August 2022
Published byBanorte


Tellimer | Start Following

Start following your markets today

Follow your key analysts, markets and more so they appear here in your Watchlist - allowing you to keep an eye on the latest updates.