Mexican economy: challenges in a global environment
Posted on 21 May 2019
Department of Economics Open Lecture
The performance of the world economy is improving, but it still leaves much to be desired. In effect, the international economy grew at an average rate of around 3.7% in 2018. This represents an improvement compared to the 3.1% recorded in 2016, and 3.6% in 2017. However, for 2019 we will be back at 3.6%.
It is important to note key factors that may affect growth in Mexico including, externally, less favorable relations with the United States, renegotiation of NAFTA and fears about an imminent U.S. recession; and, internally, uncertainty about economic policies, long-standing insecurity problems and structural obstacles for higher productivity growth.
These elements represent serious challenges for economic prosperity in Mexico.
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