13 May 2020 Ugly Data in Mexico Continue to Set the Stage for Further Rate Cuts

Andres Abadia (Senior International Economist)12th May 2020 20:10Latin America, Economic Monitor

More depressing economic numbers in LatAm have been released in recent days, and high frequency data continue to show a near-term bleak outlook.

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April auto production auto sector banxico capex cash construction construction output construction sector covid-19 credit December easing economic activity economy em equipment external demand February fed fx gdp global tensions government gross fixed investment growth headline inflation imef industrial activity industrial output industrial sector inflation inflation expectations infrastructure investment interest rate interest rate cuts interest rates January June labour latam latin america lower interest rates machinery manufacturing manufacturing output manufacturing production March market expectations May mexican economy mexico mining mxn MXN sell-off oil oil output oil prices output growth pmi pmi manufacturing policymakers production public infrastructure q1 q1 gdp rate cuts recession remain retail supply transportation u.s. unemployment

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