Federal Reserve Bank of Dallas: 'Strong Peso, Stubborn Inflation Cloud Mexico's 2024 Growth Prospects'
May 26, 2024
May 26, 2024
DALLAS, Texas, May 26 -- The Federal Reserve Bank of Dallas issued the following article on May 24, 2024, by senior business economists Jesus Canas and Luis Torres and research analyst Diego Morales-Burnett:
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Mexican economic performance is likely to slow in 2024, with stubborn inflation, rising labor costs and a strong peso posing downside risks. Conversely, nearshoring and a larger-than-expected fiscal impact could bolster the Mexican outlook.
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Mexican economic performance is likely to slow in 2024, with stubborn inflation, rising labor costs and a strong peso posing downside risks. Conversely, nearshoring and a larger-than-expected fiscal impact could bolster the Mexican outlook.
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