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Deputy Finance Minister Says Growth Trajectory Remains The Same

MEXICO

Mexico's Deputy Fin. Min. Yorio:

  • Mexico growth path remains same for 2021, 2022
  • Mexico would tap source other than stabilization fund if needed
  • Mexico GDP forecast mostly in line with 6.3% for 2021
  • Much of 3Q GDP contraction is outsourcing change vs last year
  • Mexico GDP forecast remains 6.3% this year, 4.1% next
  • $7b reserves purchase to go to Mexico dollar obligations
  • Reserves purchase covers dollar obligations through 2022 (All BBG)

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