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Deputy Fin Min Yorio Remains Optimistic On Growth Outlook

MEXICO
  • According to Deputy Finance Minister Gabriel Yorio Mexican GDP growth could reach 3.5% or more this year, speaking in the senate on Wednesday. His comments follow the August reading of economic activity which rose to 3.7% Y/y, ahead of the surveyed median estimate. Preliminary third quarter GDP data is scheduled to be released on October 31.
  • Yorio added that public sector debt should register at around 46.5% of GDP this year and forecasts to end 2024 at 48.8%.
  • He also said there was no indication so far that the MXN strength against the 14% against the USD in the first nine months of the year, was harming the country's export competitiveness. (RTRS)
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