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Analysts consulted by Banxico estimate that GDP will increase by 2.30% at the end of the year.
CITY OF MEXICO (Reuters) –
Private analysts increased their inflation forecast in Mexico to 4.0% at the end of 2018 and increased their estimate of growth in gross domestic product ( GDP) at 2.30%, according to a central bank survey released Monday.
The specialists consulted by Banco de México (Banxico) also increased their exchange rate forecasts at the end of the year to 19.50 pesos per dollar against the previous estimate, according to the median of the forecasts 34 local and foreign analytical groups received between June 22 and June 28.
Read: The Morena advance to Congress makes nervous the Mexican peso
factors that could hinder economic growth to governance (48% of responses) and external conditions ( 25%), said Banxico.
At a particular level, the main factors mentioned were n internal uncertainty (19%), foreign trade policy (17%) and public insecurity (14%).
Analysis: How Mexico Wakes Up After the Historic # Elecciones2018
On Sunday, the leftist Andres Manuel López Obrador won the Mexican presidential elections with a wide margin, according to the preliminary results Officials of the electoral authority. He will take up his duties in December for a six-year term.
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