4 Mexico’s growth scenario faces risks. The world economy may decelerate further, affecting U.S. prospects. A greater-than-expected slowdown in U.S. imports and industrial production could hurt the outlook for Mexico.
Also on the radar are weaker consumer and producer confidence, a worse-than-expected drop in crude oil output, and potentially more volatile financial markets, which could bring constraints for financing in both the public and private spheres. To the upside, structural reforms might yield more benefits.