OECD upgrades Mexico’s growth forecast to 3.3% in 2023

The OECD has improved its forecasts for growth in Mexico to 3.3% in 2023 and 2.5% in 2024, which overall in these two years represents the most important review of one of the member countries, which in turn is part of the G20.

In its interim Outlook report released on Tuesday, the Organization for Economic Co-operation and Development (OECD) increases its progression expectations by seven tenths gross domestic product (GDP) this year and another four-tenths next year.

Growth expected in 2023 of 3.3% is the second highest among OECD members, which are also part of G20second only to Turkey (4.3%).

First of all, this figure is clearly higher than in the USA (2.2%) and Canada (1.2%), its main partners in FTA North America (NAFTA).

This is also higher than forecast growth of 3.2% for Brazil and 3.1% for the G20 as a whole.

As for 2024, 2.5% will again remain the second highest among both OECD and G20 countries, behind only Turkey (2.6%) and again within distance of the US (1.3%). ) and Canada (1.4%).


Source: Aristegui Noticias