Published on Tuesday, August 25, 2020 | Updated on Thursday, August 27, 2020

Mexico | Global economic recession affects external accounts

Our forecasts indicate that the current account deficit will stabilize around 1.5% of GDP in the medium term and there will not be a structural problem for its financing.

Key points

  • Key points:
  • Annual drop of 29.6% in net foreign direct investment in 1H20
  • The current account surplus decreased by USD 4.4 billion in the second quarter of 2020 vs. the same period of last year, mainly due to the trade balance on non-oil goods posting a much lower surplus

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