February 13, 2018 / 4:31 PM / 8 months ago

BRIEF-‍Fitch Says Mexican Economic, Fiscal Resilience To Be Tested In 2018​

Feb 13 (Reuters) - Fitch:‍

* FITCH SAYS MEXICAN ECONOMIC, FISCAL RESILIENCE TO BE TESTED IN 2018​

* SAYS MEXICO MAINTAINED A MODERATE PACE OF ECONOMIC GROWTH AND FISCAL CONSOLIDATION IN 2017, DESPITE NUMEROUS SHOCKS

* SAYS ‍WHILE MEXICO’S GROWTH TREND SHOULD REMAIN STABLE IN 2018, CHALLENGES PREVENTING A SIGNIFICANT ACCELERATION IN GDP GROWTH WILL REMAIN

* SAYS ITS BASE CASE REMAINS THAT NAFTA RENEGOTIATIONS WILL NOT SIGNIFICANTLY AFFECT TRADING RELATIONSHIP BETWEEN U.S. AND MEXICO​

* SAYS EXPECTS GOVERNMENT TO MEET ITS FISCAL DEFICIT GOALS FOR 2018, HOWEVER WEAKER THAN ANTICIPATED GROWTH AND ELECTION CYCLE POSE DOWNSIDE RISKS

* SAYS EVENTUAL NAFTA DEAL IS UNLIKELY TO “SERIOUSLY DAMAGE” MEXICO’S EXPORT COMPETITIVENESS, EVEN WITH LIKELY CHANGES TO THE TREATY​

* SAYS ‍PROLONGED NAFTA NEGOTIATION PROCESS COULD STILL NEGATIVELY AFFECT MEXICO’S INVESTMENT AND GROWTH IN NEAR TERM​

* SAYS MEXICAN GENERAL ELECTION IN JULY COULD ADD TO LONG-TERM POLICY UNCERTAINTY Source text for Eikon:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below