Mexico economy survives Trump’s first 100 days
Mexico economy survives Trump’s first 100 days: The Mexican economy has fared better than expected under the uncertainty caused by US President Donald Trump’s first 100 days in office, with GDP up 0.6 percent in the first quarter.
The gross domestic product growth, announced Friday by the Mexican Institute of Statistics (INEGI), slightly beat analysts’ expectations of a 0.5 percent boost.
“We anticipated a sharp drop in investment and economic activity, which didn’t happen,” BBVA Bancomer chief economist Carlos Serrano said.
Last year, Serrano predicted a recession if Trump were to have carried out election promises such as abandoning the North American Free Trade Agreement, or NAFTA, and seizing remittances sent from Mexicans in the United States back home, in order to finance the construction of a wall on the Mexican border.
Many Mexican families rely on those funds, which provide one of Mexico’s main foreign exchange inflows. They reached a record $26 billion last year.
Trump said on Wednesday that the United States would not leave NAFTA “at this time” after he held phone conversations with Mexican President Enrique Pena Nieto and Canadian Prime Minister Justin Trudeau.
The leaders would “bring NAFTA up-to-date through renegotiation” instead, he said.
The three countries have agreed to start talks as soon as possible over the trade agreement Trump has described as a “disaster” for US jobs.
Mexico’s GDP growth was partly driven by a boost in exports, which grew 11.2 percent in the first quarter. Eighty percent go to the United States.
Banks have recently upgraded their forecasts for the rest of the year.
BVA Bancomer now forecasts 1.6 percent growth for 2017 instead of its previous 1 percent. Citibanamex’s forecast rose to 1.7 percent from 1.2 percent.
The Mexican government and central bank expect GDP to rise between 1.3 percent and 2.3 percent this year.
But although the Mexican economy is still breathing, “there’s still volatility,” said Carlos Capistran, chief economist for Mexico at Bank of America Merrill Lynch.
Mexico economy survives Trump’s first 100 days
About HumSub TV
Introduction
HumSub TV is Pakistan’s leading forwarding-thinking, edutainment channel, aimed at promoting and upholding peace, interfaith harmony and social responsibility within Pakistan through informative and insightful programmes and documentaries; analytical interviews on issues pertaining to social, economic, legal and environmental set-up; dedicated shows to canvass and thereby promote the culture and heritage of Pakistan and in-depth coverage of national and international news.
HumSub TV is the first channel and thus a pioneer within its own right that mainly focuses on emphasising the “Rights” as well as the “Obligations” of the citizens in light of the Constitution of Pakistan, numerous International declarations signed by the Government and various laws that have been promulgated over the years but are not in the knowledge of the common citizen.
HumSub TV also aims to enter into bilateral agreements with other countries to promote not only their culture, heritage and tourism, but also their educational and medical facilities.
Following the successful launch of HumSub TV’s head office in Blue Area, Islamabad; the bureau office has been set up in Lahore.
Vision
To project positive image building of Pakistan and inculcate nationalism, as per the vision of the founder of the nation, Quaid-e-Azam Mohammad Ali Jinnah.
Mission
HumSub TV is resolute about the promotion of a pluralistic, inclusive and egalitarian society in Pakistan where all citizens are allowed to contribute to promote interfaith harmony, peace and collective wisdom in the social, political and economic development of Pakistan and to encourage critical and lateral thinking in the society. HumSub TV strives to make a positive contribution to this end.
HumSub TV’s Theme
HumSub TV, Pakistan’s first EDUTAINMENT Channel, has been set up for not only those audience residing in Pakistan or overseas but the international community on the whole. The vision of the channel is to project positive image building of Pakistan and inculcate nationalism as per the vision of the founder of the nation.
HumSub TV strives to make a positive contribution to this end by promoting pluralism, inclusiveness and egality in Pakistan and give voice to the suppressed. It endeavors to act as a positive catalyst for social change and Pakistani nationalism. It envisions providing a platform for airing critical and lateral thinking and collective wisdom by inviting positive minded intellectuals and opinion forming individuals for the promotion of interfaith harmony and peace in the social, political and economic development of Pakistan.
Whereas the channel airs upbeat edutainment programmes, it, nonetheless, has the primary objective of countering negative anti-Pakistan regional and international propaganda as well as advancing fundamental rights as encapsulated in the Constitution of Pakistan.
For More News:
Visit HumSub TV