Mexico's economy shrank in the first quarter of 2019 from the previous thre...
dipped into negative territory, and economic research consultancy Capital Economics cut its Mexican growth forecast to 1.8% for 2019.
Mexico received some $10 billion in foreign direct investment in the first quarter, up 7% from the same quarter last year, and inflation was slightly lower than expected in the first half of May at 4.43%.Still, some of the president’s decisions have rattled investors, prompting concern among private sector analysts.
In a note, Goldman Sachs’ Ramos said high interest rates would weigh on consumer spending, adding that the investment outlook was lackluster, partly due to uncertainty over the ratification of a new trade deal with Mexico’s top export market the United States. “The projected deceleration of the U.S. economy may also weaken the thrust to activity from exports and foreign direct investment,” Ramos said.
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