LatinNews Daily - 15 August 2018

* According to a new report by Moody’s Investor Service, the international ratings agency, the outlook for business and for the overall economy in Mexico will remain positive during the first year of President-elect Andrés Manuel López Obrador’s government. “Mexico’s economic performance has proven resilient in the face of ongoing uncertainty, most lately around Nafta [the North American Free Trade Agreement], thus we expect steady GDP growth in the low single digits in 2018-2019”, Moody’s analyst Sandra Beltran said, adding that the fiscal deficit is not expected to widen significantly. Moody’s does warn that possible changes to Mexico’s energy policies could increase risks for the oil and gas industry, and particularly for Pemex, the state-owned oil company.

End of preview - This article contains approximately 117 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial