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BofA warns: a technical recession is coming for Mexico

Summary by Vanguardia
Bank of America (BofA) noted that the weak performance of the Mexican economy over the past few quarters, together with a bleak outlook for investment and the need for fiscal consolidation, have increased the likelihood of a “technical recession” in the country. This is defined as two consecutive quarters of GDP contraction compared to the previous one. YOU MAY BE INTERESTED: They predict zero growth by 2025, due to the reforms.In an analysis pu…

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VanguardiaVanguardia

BofA warns: a technical recession is coming for Mexico

Bank of America (BofA) noted that the weak performance of the Mexican economy over the past few quarters, together with a bleak outlook for investment and the need for fiscal consolidation, have increased the likelihood of a “technical recession” in the country. This is defined as two consecutive quarters of GDP contraction compared to the previous one. YOU MAY BE INTERESTED: They predict zero growth by 2025, due to the reforms.In an analysis pu…

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El CEOEl CEO

Bank of America warns of risk of technical recession in Mexico due to reform of the Judiciary

Bank of America (Bofa) published a report in which it concludes that the uncertainty generated by the reform of the Judiciary, as well as those that autonomous bodies intend to disappear, “will probably affect investment, increasing the risk of a technical recession” in Mexico. The US bank added that analysts and investors have expressed concern about economic activity due to the weak performance of the economy, which together with a disappointi…

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elsoldemexico.com.mxelsoldemexico.com.mx

BofA warns of possible recession in Mexico due to uncertainty over constitutional reforms

BofA also warns that the reforms are likely to affect investment, increasing the risk of a technical recession

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CódigoQroCódigoQro

Uncertainty over reforms points to possible recession in Mexico: BofA

This Thursday, Bank of America pointed to a possible “technical recession” due to the high uncertainty that exists in Mexico due to the reforms proposed by President López Obrador; he added that this would also affect investments in the country. Uncertainty in the country will remain high in the midst of constitutional changes, such as the recent reform of the Judiciary, which could affect a technical recession and affect private investment, Ban…

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