Investor Presentaiton
BANCO MÉXICO
The estimated negative output gap was smaller than in Q1-2022, in line with the positive evolution
of economic activity during this period.
Gross Domestic Product
% of potential output, s. a.
Output Gap Estimate 1/
Gross Domestic Product Excluding Professional,
Corporate and Support Services 4/
% of potential output, s. a.
IGAE 2/
M
95% confidence interval ³/
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
12
Q2-2022
June
8
-8
-4
IGAE 2/
4
A
12
Q2-2022
June
8
-12
PIB 2/
-12
PIB 2/
-16
-16
95% confidence interval ³/
-20
2021
2022
-24
2008
s. a./Seasonally adjusted data. 1/Output gap estimated with a tail-corrected Hodrick-Prescott filter; see "Inflation Report April - June 2009", Banco de México, p. 74. 2/ GDP figures as of Q2-2022 and IGAE figures as of June 2022.
3/ Output gap confidence interval calculated with a method of unobserved components. 4/ Excludes professional, scientific and technical services; corporate and business management; and business support and waste
management.
Source: Prepared by Banco de México with data from INEGI and Banco de México.
Quarterly Report April - June 2022
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
13
-20
-24
-8
-4
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