Mexico’s economy is expected to recover to pre-pandemic levels sometime next year, according to Fitch Ratings, after COVID-19 brought the world economy to a standstill in early 2020. “Mexico’s economic recovery has trailed both regional and rating peers following the substantial economic recession induced by the epidemic in 2020.
“According to Fitch ratings predictions, real GDP (isn’t) likely to recover pre-pandemic levels until 2023, implying that Mexico would have an average cumulative growth rate approaching zero between 2020 and 2023,” Morales stated.
“Our baseline estimate does not predict a recession in Mexico or the United States. However, in the event that the U.S.
If the economy experiences a more severe slump than expected, Mexico will not be spared “Oxford Economics’ Joan Domene stated in a research note last month.