A Muddled Outlook

MEXICO - Report 04 Mar 2014 by Mauricio Gonzalez, Guillermo Valdes, Esteban Manteca and Ernesto Cervera
Executive Summary Economic indicators published over the course of February were mixed. Consumers and producers alike grew increasingly pessimistic through January, at least in part owing to higher taxes that took effect that month and which also helped to lower sales at supermarkets and department stores (a real -1.7%). January readings of business sentiment also revealed a growing reticence to spend on expanding productive capacity. The government will have to act fast to accelerate government spending or GDP growth will likely fall short of the 3.0% expansion that we at GEA currently pro...

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