Mexico's Economy Surprises With Fastest Expansion in Over a Year
Comment of the Day

October 25 2022

Commentary by Eoin Treacy

Mexico's Economy Surprises With Fastest Expansion in Over a Year

This article for Bloomberg may be of interest to subscribers. Here is a section:

The result was “solid” and leaves Mexico’s economic growth at a pace of 2.2% for the year, according to Alberto Ramos, Goldman Sachs Group Inc.’s chief Latin America economist. 

“The economy still has room to grow, and we expect it to expand in coming quarters supported by firm terms of trade and further normalization of activity among a number of still lagging sectors, particularly services,” he wrote in a research note Friday. 

Eoin Treacy's view

Not only is China slowing down, but its relationship with the biggest buyers of its exports is deteriorating. Large global companies are not making decisions about how much manufacturing they want to do in China. Within the next decade, manufacturing in China by foreigner will focus on the domestic market while exports are likely to face greater competition from other economies.

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