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Baseline revised down on weaker incoming data and rising global pessimism. Model-based recession projections suggest probability around 65% over the next 24-months. Mixed signals from labor market, as momentum continues to wane.
The first spacewalk by two women generated a lot of global attention last week. It shows that the young people of the world, but particularly of our emerging countries, must grow up convinced that they can do what they set out to do and that their desk companion can too.
Colombia will continue to consolidate growth amid considerable headwinds from the foreign sector.
The system is in a good position to withstand the current economic situation, although there are risks that need to be monitored.
Global growth slowed markedly in 2Q19, with weakening signs stemming from China and the EZ. Increasing trade tensions and higher uncertainty are weighing on trade and the industrial sector, but are also reflected in investment and domestic demand. Weaker momentum extends into 3Q19.
I feel that we are falling short, economists, in making the debates that the country needs. In terms of growth, for example, and its lack of relationship with some leading indicators. Inflation, about the risks that the shocks again move us away from the fiscal or fiscal goals and their long-term impact.
Yesterday, the INEGI published preliminary growth data for the second quarter. As we know, this showed growth of 0.1% compared with the previous quarter.