The World Bank kept the outlook for the Mexican economy unchanged, forecasting growth of 3 percent this year and the next to 2.2 percent.

The foregoing after an expansion of 5.7 percent registered in 2021, in full recovery period after the first effect of the coronavirus pandemic on the world economy.

"Disruptions in the supply chain, which hampered the manufacturing sector last year, are expected to persist into the first half of 2022, while external demand will be constrained by slowing growth in the United States," detailed the organism.

Check here: Fourth wave of the covid will not stop investment in industrial buildings in Nuevo León

At the domestic level, he considered that a greater tightening of monetary policy will be needed to combat high inflation expectations, while on the fiscal side, austerity in the public balance is expected to continue in the short term.

An item that has led Mexico to have the least debt among the large Latin American economies.

In the region, Latin America and the Caribbean, growth is projected to decline to 2.6 percent in 2022 and 2.7 percent in 2023 as macroeconomic policy tightens; the recovery of the labor market continues slowly; and external conditions, including commodity prices, become less favorable.

Of interest: Recovery of the corporate sector depends on the return to the offices in 2022

Overall, regional gross domestic product (GDP) will still be more than 4 percent below its pre-pandemic trend by 2023. The pace of growth in Latin America will be insufficient to reverse the decline in per capita income levels. capital of the region relative to the levels of advanced economies, a trend in place since 2014.

“This reflects tighter fiscal and monetary policy, slower reintegration of workers into the labor market, softer external demand as growth slows in the world's major economies, and the fading of support from rising prices of goods. raw materials in 2021, "added the World Bank.

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Original note