However, downward risks prevail, including most importantly, less-thanexpected U.S. industrial improvement, and secondly, a larger-than-anticipated contraction in oil production.
Of course, long-term growth potential depends heavily on adequate implementation of the structural reform agenda, which seeks more efficiency in many sectors such as energy and telecommunications.5 The financial impact on Mexico The adverse international environment has also had financial repercussions on Mexico through two main channels.