Tuesday, April 14, 2015

Low IMF growth forecast for Mexico – El Universal


 ruben.migueles@eluniversal.com.mx
 


 


 The International Monetary Fund ( IMF ) reduced its forecast for economic growth in Mexico for this and next year by two tenths of a percentage point, from 3.2% to 3.0% for 2015 , and from 3.5% to 3.3% for 2016 , according to the latest estimates made by the multilateral organization.
 


 


 Despite the reduction of the projected economic growth of Mexico, this remains above the 0.9% forecast for the Economies of Latin America and the Caribbean, but still below the 4.3% projected for all emerging economies in 2015.
 


 


 The report IMF World Economic Outlook for April 2015 is presented in the context of the spring meeting with the World Bank in Washington.
 


 


 The report forecast growth of global economy 3.5% is maintained, but the estimate is reduced to USA 3.6% forecast in January this year to 3.1%.
 


 


  China , the IMF maintained its earlier projection of 6.8% this year, while India estimation paw raised it by 12 basis points to stand at 7.5%, becoming one of the most dynamic economies orb. In counterpoint, among emerging economies is expected to report a decline include: Russia with a fall of -3.8% and Brazil with a drop of -1.0%

For the countries of the Eurozone , the agency estimates more buoyant than expected in January, going from 1.2% to 1.5%. Germany with growth this year of 1.6%, France 1.2% and Italy just 0.5%.
 


 


 In the analysis accompanying the Report notes that potential output growth across the advanced economies and emerging markets has declined in recent years. In advanced economies, this decline started already in the 2000s and was exacerbated by the global financial crisis. In the emerging markets, however, began only after the crisis.
 


 


 The analysis suggests that the potential growth in advanced economies is likely to increase slightly. By contrast, in emerging economies, it is expected that the growth of potential output continues to decline due to aging populations, weaker investment and slower growth in overall productivity.
 


 


 tcm

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