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Central Bank Head Expects 4.8% 2021 GDP As Base Case

MEXICO

Comments filtering through from Banxico Governor Alejandro Diaz de Leon in call:

  • Seeing some sectors in Mexico recover well
  • External sector recovery an important driver for Mexico
  • Energy shocks have put pressure on Mexico inflation
  • Mexico has significantly reduced debt risk premium
  • Mexico adjustment is calm despite foreign capital flight
  • Mexico market adjustment better relative to prior crises
  • Expecting 4.8% Mexico GDP in base scenario this year
  • Inflation shocks are likely to be temporary in Mexico (All BBG)

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