{"id":3487,"date":"2021-03-03T12:39:12","date_gmt":"2021-03-03T18:39:12","guid":{"rendered":"http:\/\/accesstomexico.mx\/blog\/?p=3487"},"modified":"2021-03-05T12:42:51","modified_gmt":"2021-03-05T18:42:51","slug":"mexico-central-bank-paints-rosier-picture-of-economic-recovery","status":"publish","type":"post","link":"https:\/\/accesstomexico.mx\/blog\/mexico-central-bank-paints-rosier-picture-of-economic-recovery\/","title":{"rendered":"Mexico central bank paints rosier picture of economic recovery."},"content":{"rendered":"\n
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REUTERS<\/a><\/p>\n\n\n\n

Mexico\u2019s central bank on Wednesday gave a more optimistic view of economic growth and job creation for this year and next than previously forecast, but said the coronavirus pandemic still posed serious risks to the outlook.<\/p>\n\n\n\n

In a quarterly report, the bank said its central scenario was that gross domestic product would expand by 4.8% in 2021 and by 3.3% in 2022, up from prior forecasts of 3.3% for 2021 and 2.6% growth for 2022 for Latin America\u2019s No. 2 economy.<\/p>\n\n\n\n

Mexico\u2019s economy suffered its steepest recession in almost 90 years in 2020 as the coronavirus pandemic battered activity.<\/p>\n\n\n\n

Nevertheless, Banxico, as the Bank of Mexico is known locally, noted that by the final three months of the year, the pace of recovery was stronger than anticipated.<\/p>\n\n\n\n

The brighter forecasts for the economy are based on a higher growth base at the end of 2020 and from a stronger growth forecast for U.S. industrial activity, said Banxico.<\/p>\n\n\n\n

However, over the near term that will be partially offset by greater economic weakness in early 2021, it said.<\/p>\n\n\n\n

Central Bank Governor Alejandro Diaz de Leon said the speed of economic recovery would vary from country to country, and would depend significantly on the rollout of vaccines against COVID-19 and the magnitude of economic stimulus measures.<\/p>\n\n\n\n

Mexico has injected little stimulus and has struggled to get in deliveries of vaccines promised by pharmaceutical firms.<\/p>\n\n\n\n

Taking questions on a virtual call, he said the bank would be paying close attention to the pace and impact of the U.S. recovery and other external factors as it weighed its options.<\/p>\n\n\n\n

The pandemic remained a serious risk factor, he said.<\/p>\n\n\n\n

All told, Banxico expected between 250,000 and 570,000 jobs paying social security benefits to be added this year, up from a forecast of 150,000-500,000 three months ago.<\/p>\n\n\n\n

Reuters Staff. (2021). Mexico central bank paints rosier picture of economic recovery. UK. Reuters<\/em>. Recuperado de <\/strong><\/p>\n\n\n\n

https:\/\/www.reuters.com\/article\/us-mexico-economy\/mexico-central-bank-paints-rosier-picture-of-economic-recovery-idUSKBN2AV2P9<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

REUTERS Mexico\u2019s central bank on Wednesday gave a more optimistic view of economic growth and job creation for this year and next than previously forecast, but said the coronavirus pandemic still posed serious risks to the outlook. In a quarterly […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3487","post","type-post","status-publish","format-standard","hentry","category-uncategorized","clearfix"],"_links":{"self":[{"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/posts\/3487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/comments?post=3487"}],"version-history":[{"count":1,"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/posts\/3487\/revisions"}],"predecessor-version":[{"id":3489,"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/posts\/3487\/revisions\/3489"}],"wp:attachment":[{"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/media?parent=3487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/categories?post=3487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/tags?post=3487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}