LatinNews Daily - 23 July 2018

* According to an interview with local media, the chief economist at HSBC México, Alexis Milo, has announced that investors remain optimistic about the future of the country’s economy. Milo said that no capital flight has been observed before, during, or after the 1 July general election, and key economic indicators remain positive. He highlighted the strong performance of the Mexican peso, which has appreciated against the US dollar more than any other currency so far this year. According to Milo, HSBC has maintained its economic forecasts despite the uncertainty generated by the election and the renegotiation of the North American Free Trade Agreement (Nafta) between the US, Mexico, and Canada. HSBC predicts that Mexico’s GDP will grow by 2.5% this year and 2.7% in 2019, maintaining the upward trend of the last few years.

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