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Q1 GDP Data Slightly Below Median Surveyed Estimates

MEXICO
  • MEXICO 1Q ECONOMY EXPANDS 0.88% Q/Q; EST. 1.1% (BBG)
  • MEXICO 1Q GDP EXPANDS 1.55% Y/Y; EST 1.6% (BBG)
  • Mexico’s government is preparing new legislation to expand its capital markets, encouraging the creation of hedge funds and potentially easing regulations in the debt market, a top finance official said on Thursday.
    • “We need more players,” Deputy Finance Minister Gabriel Yorio said at an event in Mexico City on Thursday, adding that a lack of depth in financial markets had harmed economic growth.
  • Finance Ministry holds press conference on quarterly financial report - 11:30am, Mexico City time.
  • Also worth noting, US President Biden is scheduled to hold a phone call with President AMLO at 1300ET today.

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