To conclude, I would like to emphasize that, notwithstanding major economic shocks, the Mexican economy has shown a relatively good performance, and it is reasonable to expect a gradual strengthening of economic activity in the next couple of years. In fact, Banco de Mexico’s forecasts currently place real output growth at 2.5–3.5% in 2016, and at 3.0–4.0% in 2017.
In addition, following an ambitious program of structural reform, Mexico is one of the few EMEs where an increase in potential GDP is expected. Meanwhile, CPI inflation is projected to rise moderately from the current minima to levels around the 3 percent target throughout both 2016 and 2017.