Mexico's PIB Rebounded 5.3% in 2021 and Will Grow 2.2% in 2022: BBVA

Due to weak demand and the lower growth observed from January to September 2021, BBVA analysts corrected downward their 2021 growth projection to 5.3% from the previous 6.0%.

In a press conference, Carlos Serrano, chief economist of BBVA Mexico, while presenting the report Situación México for the first quarter of 2022, expressed that there was a high probability of having entered a recession in the second half of 2021, in addition to the fact that the country could face a challenging outlook for the economy, derived from the fourth wave of contagions, the considerable increase in inflation, as well as higher interest rates.

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