Navigation
Suscribe
Menu Search Facebook Twitter
Search Close
Menu ALL SECTIONS
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Digital
Prensa
Radio
TV
X
Newsletter
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers
Business

Inflation Forecasts for 2017: Above 4.0 Per Cent

Economic growth for mexico in 2017 was set within a bearish perspective

Experts agree that the Mexican economy will be worse than a year ago., photo: CAPITAL MEDIA/Alejandro Meza
By Omar Sánchez Whatsapp Twitter Facebook Share
10 months ago

Experts from the private sector consulted by the Mexico’s Central Bank (Banxico) set bull forecasts for inflation, exchange rates and funding rates for this year as well as for next year. Economic growth for Mexico in 2017 was set within a bearish perspective.

According to polls on expectations from private-sector economic specialists carried out in November by Banxico, experts assessed inflation expectations soaring from 3.27 and 3.6 per cent to 3.41 and 4.0 for the end of 2016 and next year.

In addition, estimates for the country’s economic expansion in 2016 and 2017 was modified to 2.08 and 1.72 per cent instead for 2.07 and 2.26 per cent.

Likewise, the expected level for interbank rates on Dec. 2016 and 2017 was estimated on 5.60 and 6.38 points by Nov. compared to 5.02 and 5.55 per cent previously calculated on October.

Estimates on exchange rates for the year’s end and for next year changed to 20.78 and 20.89 pesos per dollar from the expectations set in October which ranged from 18.69 and 18.66 pesos per dollar.

Due to the decline of economic expectations, more and more economists consider this a bad time for investment since the overall climate for business will worsen over the next six months. Experts agree that the Mexican economy will be worse than a year ago.

Also, they pointed out that the greatest risks to expectations are market weakness, world economy, and international financial stability.

Comments Whatsapp Twitter Facebook Share
More From The News
Sports

President's Criticisms Incite More Prote ...

10 hours ago
World

Catalonia's Separatists Defy Spain With ...

11 hours ago
Business

'Kingsman: The Golden Circle' Dethrones ...

13 hours ago
Mexico

Life, Death in Balance for Mexico Quake ...

15 hours ago
Most Popular

International Help for Earthquake Rescue

By The News
Mexico

New Earthquake, Magnitude 6.1, Shakes Ji ...

By The Associated Press
Mexico

Oaxaca Businesses Shut Down to Protest T ...

By Reuters
Mexico

INAH: Report Damaged Museums, Cultural H ...

By The News
Mexico

Mars Research Subjects to Emerge After 8 ...

By The Associated Press
World