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13 Sep 2018, Radoslav Yordanov, EMIS Editor

Bank of America forecasts FDI boom in Mexico in Q1 2019, lauds new president policies

Carlos Capistran, Head of Canada and Mexico Economics at Bank of America Merrill Lynch (BofA), forecasted that Foreign Direct Investment (FDI) to the Aztec country will surge in Q1 of 2019, El Financiero reported.

The economist said that the July presidential election in Mexico as well as the uncertainty regarding the negotiation of NAFTA had negative impact on the foreign inflows to the country.

He underlined, however, that the recent trade agreement encourage foreign companies to invest in Mexico. In this regard, Capistran also expects the economic policy of the new Mexican president, Andres Manuel Lopez Obrador, to be very positive for the local economy. The new government “will try to raise wages and to maintain strong exchange rate”, the economist added.

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