Mexico | The economy in 2021: U.S. momentum will be insufficient

Summary

The degree of uncertainty surrounding the performance of the country's economy this year is much higher than usual. For example, before the pandemic, Banxico's growth forecasts were presented in ranges of 1pp between the most pessimistic and the most optimistic scenarios. This time, the range is almost five times higher.

Key points

• Key points:
• The forecast in the lower limit is 0.6%, while in the upper limit it is 5.3%
• At BBVA Mexico we have a specific growth forecast for 2021 of 3.2%

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