Mexico braces for weak growth, high inflation as Trump takes office: Reuters Poll

1/18/2017 Reuters

Arrow Graph by Flickr user nDevilTV http://www.flickr.com/photos/ndevil/3491395689/Mexico’s economy is set to grow at the slowest pace in four years in 2017, a Reuters poll showed on Wednesday, after the election of Donald Trump to the White House upended relations with its biggest trade partner and foreign investor.

The full impact of a Trump presidency remains unclear to economists, as many said they were waiting for Trump’s first 100 days in office to see if he makes good on promises to build a border wall and raise trade tariffs.

Forecasts for economic growth elsewhere in Latin America were also revised down for most countries, the poll showed, projecting a slower recovery for a region that has struggled in recent years to keep a fast pace of growth amid low commodity prices and heightened market volatility.

Mexico’s economy is expected to grow 1.7 percent in 2017, according to the median of 23 forecasts, down from 2.3 percent in an October poll and after an estimated expansion of 2.0 percent in 2016.

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