Rating agency Fitch Ratings confirmed that Arrival at the production plant Tesla in Nuevo Leon Is a sample of corporate transfer, also known as Roundingwho lives in the country and increases the demand for production in the country.
He confirmed in his total estimates for the month of March that Rounding And continuous update due to insistence iEpidemic disruptions in key economic sectors (automotive manufacturing and services) may provide some support to the Mexican economy, thus mitigating the impact of the US slowdown, which is expected to reduce export demand.
Increasingly, evidence points to increased demand for Mexican production, exemplified by Tesla’s recent promise to invest in a factory in Nuevo León. Industrial parks along the US border have reached capacity, with an average occupancy rate of more than 97 per cent, the agency said. cent according to the Mexican Association of Private Industrial Parks.
Hence, Fitch Ratings A slight increase in its estimate of the growth of the Mexican economyA, from 1.5 to 1.6 percent in 2023, but a slowdown is still expected due to better dynamics in the United States, an effect that can be mitigated as companies come into the country.
The agency tooWe see the strongest Mexican peso during 2023, Which will close according to its new forecast at 19 pesos. Meanwhile, it also revised up its inflation account, which will end the year at 5 percent, and a reference rate higher than the Bank of Mexico’s, at 11.25 percent. By 2024, it expects growth of 1.5 percent.
He pointed out that although Remittances received from Mexican workers in the United States Maintained a good dynamic in recent years to support domestic consumption growth, and this year may be affected by the slowdown in the US economy.
Improves global outlook for 2023
Fitch Ratings also raised the ratings 2023 Global Growth Forecast, to 1.4 percent from 2 percent, reflecting China’s reopening, physical relief from the European natural gas crisis and the sudden near-term resilience in US consumer demand.
Fitch Ratings also highlighted thise lowered its estimates of global growth in 2024 to 2.4% to reflect the delayed impact of rapid interest rate increases by the US and European Federal Reserve.