On the back of expected higher U.S. growth, a gradual recovery of the Mexican economy this year and next is predicted. The Bank of Mexico’s GDP interval forecast is for 2- to 2.8percent growth in 2014, and 3.2- to 4.2-percent growth for next year. Analysts’ consensus point forecasts currently fall within these ranges.7 Some risks to these forecasts persist.
On the other hand, the geography of the Greek territory does make the frontloading of euro cash to banks and the public more difficult. The Bank of Greece now has the required stock of euro banknotes and coins and is presently frontloading to banks according to schedule.