'Mexico will grow 2% in 2019'. The World Bank estimates

The World Bank estimates that Mexico will grow 2 percent in 2019, a figure that is below the forecast of 2.5 percent made last June; for 2020 it estimates a growth of 2.4 percent.

Troubles in economy Mexico
Troubles in economy Mexico

According to the World Economic Perspectives document, despite the decrease in commercial uncertainty after the announcement of the agreement between the United States, Mexico and Canada, it is expected that growth in Mexico will remain at a moderate level, as a result of the uncertainty surrounding policies, which prevails in the country.

For Latin America and the Caribbean, the projections of the World Bank indicate that this year there will be an upturn in regional growth, at a rate of 1.7 percent, supported mainly by private consumption. It is expected that investments will increase, but the slowdown in world trade will limit? the growth of exports.

The agency indicated that the risks presented by the regional scenario could curb economic activity.

He added that poor fiscal conditions could have negative consequences in terms of debt sustainability and market confidence.

In addition, the region is still very vulnerable to natural disasters and extreme weather events.