Key View

• While Mexico’s economy will slow in 2022, to 2.0% from 4.8% in 2021, Q222 data suggest that it will hold up better than we previously thought. Indeed, we have revised our forecast up from 1.5%, and think that Mexico will outpace US growth in 2022 for the first time since 2016.
• Nevertheless, we expect that the economy will weaken in

Key View

• Mexico’s medical device market will grow by double digits in 2022, both in local currency and US dollar terms, despite slowing economic growth over the remainder of the year.
• Diagnostic imaging, dental products and orthopaedics & prosthetics will be the outperformers in Mexico’s medical device market.
• Mexico’s medical device

Key View: We hold a positive outlook for Mexico's household goods sector over the medium term (2022-2026). This is based on an attractive demographics and incomes profile, plus the growing working-from-home trend driving the demand for functional household goods. However, we do note that low relative disposable incomes will constrain spending to

Key View

• Consumer spending growth in Mexico is expected to slow in 2022 from a high 2021 base.
• We note that inflation poses a key risk to our consumer spending forecasts, as it continues to rise and has the potential to negatively impact consumer purchasing power.
• There are also several other risks to our outlook for 2022, including the

Key View

• Mexican economic growth will remain tepid in 2022, as high inflation, rising interest rates and investor uncertainty constrain private consumption and investment, while weak external demand slows export growth.
• We at Fitch Solutions have downwardly revised our 2022 real GDP growth forecast from 2.2% to 1.8%, reflecting the spike in

Key View

• Gas-fired power generation will continue to dominate Mexico’s power mix, supported by the commissioning of new gas-fired power plants and ongoing support for the sector.
• Additionally, Mexico’s nuclear power sector development remains uncertain, which we believe will inhibit the nuclear capacity growth.
• Mexican President Andrés

Key View

• At Fitch Solutions, after a 50 basis point hike on February 10 to 6.00%, we now forecast that the Banco de México (Banxico) will raise its benchmark interest rate to 6.75% by end-2022, an upwards revision from our previous forecast of 6.50%, due to elevated inflation and our more hawkish outlook for the US Federal Reserve. We forecast

Key View

• Mexican economic growth will remain tepid in 2022, after supply chain disruptions, high inflation, low fiscal spending and weak investment tipped the economy into a technical recession in Q421.
• These factors will continue to constrain the economy’s momentum into 2022, with a spike in Covid-19 cases caused by the Omicron variant also

Key View

• Hospitalisations rise as Covid-19 cases surge in Mexico.
• Increasingly overburdened hospitals will weigh on the healthcare system.
• Vaccinations continue to lag behind regional peers, however the rollout of booster jabs will increase coverage and reduce hospitalisations.

Pressure on Mexico’s health system continues to rise. Mexi

Key View

• Mexican growth will slow in 2022 as higher inflation, decelerating US growth, the spread of the Omicron variant and an unfavourable policy environment constrain activity.
• Nevertheless, economic activity will recover from the contraction recorded in Q321, as fiscal spending ticks higher, supply chain disruptions slowly ease and Mexico