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23 Aug 2022 LatAm Monitor June's Retail Sales Figures in Mexico are Raising Red Flags

Andres Abadia (Senior International Economist)19th Aug 2022 09:14Latin America, Daily Monitor

June’s retail sales numbers suggest that Mexican households are feeling the pain from high inflation.

Still-solid remittances from the U.S. remain the life-line for many, but downside forces are emerging.

Tighter financial conditions is also hitting consum- ers hard, but the picture will improve in Q1 next year.

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