End of preview - This article contains approximately 105 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
LatinNews Daily - 27 January 2022
In brief: BBVA lowers GDP forecast for Mexico
* The Mexican branch of the Spanish-owned BBVA bank has lowered its 2022 GDP forecast for Mexico from 3.2% to 2.2%, attributing the reduced forecast to a weaker than expected second half of 2021 and the impact of rising prices on disposable income. The bank also lowered its 2021 GDP growth estimation from 6.0% to 5.3%, given that GDP fell by 0.4% quarter-on-quarter in Q3 2021 and consumption continued to be weak through Q4 2021. The previous day, the International Monetary Fund (IMF) also lowered its 2022 GDP forecast for Mexico by 1.2 percentage points, from 4% to 2.8%.
- REGION: Russia indicates deepening ties with Cuba, Nicaragua and Venezuela
- VENEZUELA: Accusations of voter intimidation during recall petition
- In brief: Poverty and inequality fall in Bolivia
- BRAZIL: Hospitals start filling up again
- In brief: FDI to Brazil picked up in 2021
- In brief: Costa Rica claims more fiscal deficit progress
- MEXICO: Arms trafficking to be first focus of Mexico-US security alliance
- In brief: BBVA lowers GDP forecast for Mexico
- PARAGUAY: Cartes accused of money laundering
- In brief: Steep interest rate hike in Chile