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Uncertainty lurks economy in Mexico, despite conditions of "resilience"

The outlook for Mexico's economic growth in the short term will continue to be extinguished by internal and external uncertainty, although the Latin American country has shown conditions of "Resilience", according to the International Monetary Fund (IMF).

Mexico, Nov 13 (EFE) .- The outlook for Mexico's economic growth in the short term will continue to be subdued by internal and external uncertainty, although the Latin American country has showed conditions of "resilience", according to the International Monetary Fund (IMF).

"The prolonged uncertainty related to the Free Trade Agreement of America (NAFTA), as well as policy, "will weigh heavily on private consumption and investment, particularly in the export-oriented manufacturing sector, highlights the annual evaluation of the executive board of the IMF on the Mexican economy in 2017.

The report released today highlights the "complex" context in Mexico, both externally and internally. negotiations "of NAFTA, signed between the US, Canada and Mexico, which would maintain uncertainty regarding future economic relations between the Latin American country and its neighbor North.

In addition, "the political uncertainty is expected to remain high on the eve of the presidential elections of July 2018."

For the IMF, the earthquakes that They shook central and southern Mexico on September 7 and 19, which left 471 dead, will have a limited effect on the Mexican economy, due to the compensation that the efforts of reconstruction.

Despite this, he notes, "recent earthquakes could raise inflation slightly by the end of 2017."

Executives highlighted the "resilience" of the economy mexicana, "given its strong financial and commercial links with the rest of the world".

They expressed confidence in the "very strong policies and institutional policy frameworks", and They underlined the "reinvigoration of the agenda of structural reforms", focused on strengthening the rule of law and the fight against corruption.

Likewise, they recommended continuing strengthening the fiscal framework, as well as improvements in the efficiency and performance of the state-owned company Petroleos Mexicanos (Pemex).

The IMF has a growth forecast for Mexico up to 2.1 this year, and 1.9% by 2018.

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