Investor Presentaiton
BANCO MÉXICO
Risks to Growth
The balance of risks remains significantly biased to the downside
ON THE DOWNSIDE
A lower external demand, particularly from the U.S., to the detriment of economic activity in
Mexico.
That the impact on trade or the bottlenecks continue or intensify, leading to input shortages and
higher production costs.
Tighter financial conditions and episodes of volatility in international financial markets.
A lower-than-expected recovery of investment spending.
That the COVID-19 pandemic continues affecting supply and demand conditions in the global
economy.
That extreme weather phenomena affect economic activity adversely.
ON THE UPSIDE
That the downward trajectory in the number of COVID-19 infections and the adaptation of the
economy to conditions imposed by the pandemic lead to a more vigorous recovery.
That, within the USMCA framework, Mexico becomes an attractive destination for investment.
That global financial conditions are more conducive to economic growth.
Quarterly Report April - June 2022
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