June 7, 2019
Investment latest publications
Fitch downgrades Pemex’s bonds to junk status as the company keeps facing serious underinvestment in E&P because of its relatively high fiscal burden.
In what would be an act contrary the North American Free Trade Agreement (NAFTA) and the World Trade Organization (WTO) rules, President Donald Trump has announced that he will impose tariffs on all imports from Mexico.
Last week they published data on the growth of the Colombian economy in the first quarter of the year and the large figures show a gradual and orderly recovery as expected. Within the recovery highlights positively the progress in investment in machinery and equipment and civil works.
The dynamics of Global Investment Funds flows in 1Q19 can be characterized by a widening bond-equity divergence, and a visible moderation in inflows to EMs. Looking ahead, we expect EM outflows to continue at a moderate pace until global volatility eases. In a risk scenario, EMs to face more intense and persistent outflows.
We revised slightly to the downside the growth of 2019 to -1.2% due to the prolongation of the monetary astringency, maintaining the vision of a positive quarterly growth since 1Q19. Inflation will fall more gradually than expected, reaching 35% YoY due to the volatility of the exchange rate and the higher indexation of the…
Effective from January 1, 2018, President Trumps fiscal reform enforced, among other aspects, a reduction of the federal corporate income tax rate from 35% to 20%. As soon as discussions on the reform began, concerns started to arise in Mexico regarding its possible impact on investment in our country.
In annual terms, the Colombian economy grew 2.7% last year according to the information published yesterday by DANE (Departamento Administrativo Nacional de Estadística — Colombian National Administrative Department of Statistics). The data was published some days later than expected which, despite the arguments put forward…