The economic situation in Mexico is difficult: Credit Suisse

"The economic picture is difficult to be optimistic," said Alonso Cervera, Managing Director of Emerging Markets of the bank Credit Suisse.

The economic situation in Mexico is difficult: Credit Suisse
The economic situation in Mexico is difficult: Credit Suisse

In the framework of the first Investors Day of Fibra Educa, the executive said that in the projections for the next years estimate a deceleration.

The above, after the publication of macroeconomic data that reflect lower figures compared to last year as the slowdown to private consumption, which, he said, can trigger a lower generation of jobs.

"I feel that it is one of the main obstacles so that the Mexican economy does not suffer higher rates in the next two years. I do not perceive that there is great confidence in the private sector to increase investment."

The specialist said that they have considered the expectations of investors also based on a survey conducted by INEGI, where they estimated the business climate for the next six months.

"Investors think that the Mexican economy will continue to be canceled and do not consider that the situation will improve next year. In fact, only about 10% believe they will be better or much better and 70% say they can be worse or much worse."

He added that the issue of tariffs and tariffs generated by the announcements of the president of the United States, Donald Trump, will affect Mexico.

"It will be an issue that will be saved until the US elections."

Today was the meeting of Fibra Educa, the first real estate investment trust focused on school campuses, with financial investors, in Mexico City.

Source: El Economista

Recommended stories