The deviations from the targets agreed with the IMF triggered a deterioration of expectations and the economic situation, deepened by political tensions. Economic activity will slow down more than expected in the coming quarters.
The government reached an enforceable agreement with the IMF, avoiding a default scenario. This is good news for Argentina, but its gradual approach does not change the overall macroeconomic scenario, nor does the absence of structural reforms create the conditions for a sustainable growth path.
Mexico | Monthly Report on Banking and the Financial System. November 2019
The International Monetary Fund (IMF) has reported on the results of the annual assessment of the Mexican economy for 2019. The IMF approves a new flexible credit line for Mexico. Commercial banking contributed to growth in 1H19. Adjustments for securities operations. Amendments for bank correspondents.
Mexico | Monthly Report on Banking and the Financial System. October 2019
National Corporate Financing Survey (ENAFIN 2018). The International Monetary Fund (IMF) updates its Global Financial Stability Report. Real estate services grow 1.3% in the first half of 2019.
The most frequently repeated words during meetings and conversations last week in Washington were: low growth, political interference, trade war, downside risk, negative rates, financial instability, green economy, uncertainty, unilateralism and fiscal policy.
The Spanish economy is currently solid, although there seems to be a growing feeling of vulnerability. The growth in GDP remained at around 0.6% per quarter at the start of the year, which in annualized terms means a growth rate of approximately 2.5%.
The annual and spring meetings of the IMF and the World Bank have taken the pulse of the global economy and assessed its prospects, risks and challenges. There were no surprises in the forecasts. The IMF revised its world growth rate forecast downwards to 3.7% for 2018 and 2019, with rather more disparity than previously am…
The debate on how to advance towards greater integration in Europe is intensifying with the approach of June, the self-imposed deadline for Europe’s leaders to come up with specific new reforms for the euro zone. The International Monetary Fund has recently joined the fray with a proposal for a stabilisation fund to cushion…