Mexican president disagrees with Bank of Mexico’s recession forecasts

Mexican president disagrees with Bank of Mexico’s recession forecasts

© Reuters. FILE PHOTO: Mexico’s President Andres Manuel Lopez Obrador attends a news conference at the National Palace in Mexico City

MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador said on Thursday he disagrees with the Bank of Mexico’s forecasts for a major recession caused by the coronavirus pandemic, and predicted that the economy will instead recover soon.

The Bank of Mexico, the nation’s central bank, on Wednesday predicted the economy could contract by as much as 8.8% in 2020 as it hedged its bets with a range of forecasts due to uncertainty caused by the pandemic.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Latest Category Posts