Key View

• Mexico’s economy is set to rebound in 2020, with real GDP growth forecast to come in at 1.2% following a slow 2019, at 0.1%.
• At Fitch Solutions we highlight that as high income households will only account for a marginal proportion of Mexico’s total population, inbound tourism will be the key driver for luxury demand in the country.

Key View

• The recently created Health Institute for Wellbeing (INSABI - Instituto Nacional de Salud para el Bienestar) will expand health insurance access in Mexico, particularly for the uninsured population.
• INSABI aims to strengthen health infrastructure, which poses upside risks for the acquisition of new medical devices.
• Conversely

Key View

• A five-year postponement of the introduction of a national clean diesel rule will allow Pemex to use heavy crude as the major feedstock in its refineries over the medium term however, we might see an uptick in light crude production and processing as the production from new shallow-water fields ramps up.
• Pemex is likely to pursue

Key View

• We hold a modest outlook for the growth of Mexico’s rail infrastructure sector over the next five years, with the sector set to see annual average real growth of 2.0% y-o-y between 2020 and 2024.
• This outlook will largely be driven by metro extensions in Mexico City as well as improvements to the country’s freight rail network - a

The Latest: On November 26, Mexican President Andrés Manuel López Obrador announced the first package of projects to be included in a new National Infrastructure Plan: 147 projects requiring a combined investment of MXN859bn (USD43.9bn). According to the plan, the set of projects, which includes transport, telecommunications, water and sanitation

Key View

• The update of GMP and materiovigilance regulations, scheduled in 2019, will increase access to safer medical devices in Mexico, and enhance regulatory compatibility with the US and Canada.
• Regulatory developments will support Mexico’s position in our Latin America Medical Devices Risk/Reward Index.

Mexico aims to strengthen the

Key View

• President Andrés Manuel López Obrador (AMLO) has retained much of his previous popular and legislative support and continues to prioritise developing the country’s agriculture sector.
• However, the widening gap between AMLO’s fiery populist rhetoric and political reality suggests that his pledge to radically transform the sector will