LatinNews Daily - 02 August 2018

*Mexico’s central bank (Banxico) has released the result of its latest poll of local economists, which found that the consensus view is that there will be lower economic growth and higher inflation this year than previously thought, as result of the continued uncertainty surrounding the future of the North American Free Trade Agreement (Nafta). According to the poll, the consensus view among polled economists is that year-end GDP growth will come in at 2.28%, 0.02 percentage points lower than in the previous month. Meanwhile the consensus view is that year-end inflation will be 4.25%, 0.25 percentage points higher than previously projected. To the question asking whether they believed that Mexico’s economy is currently in a better position than at this point last year, 56% of those polled responded negatively, 41% said they were unsure, and only 6% responded affirmatively.

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