The Mexican economy remains relatively robust compared to other Emerging Markets. Nowhere is this picture more obvious than with fellow MINT members. Delta Economics forecasts that Mexico’s annualised trade in 2014 will grow by 5.3%, while Indonesia’s is projected to increase by 9.6%, Nigeria’s by 3.9% and Turkey’s by 4.3%. But in spite of these promising results, the outlook for November’s year-on-year growth position looks more volatile.
Delta Economics can report that for November’s year-on-year forecast, Indonesia, Nigeria and Turkey will experience a bumpy ride ahead. Mexico will fare better because of its sound economic fundamentals and diversified trade portfolio. As reported in previous weeks, the bellwether products will do particularity well: exports in electrical goods are expected to rise 5.7% year-on-year, whilst sales in road vehicles will increase by 12.6% and machinery and computers will grow by 13.5%, year on year in November.
Despite the general slowdown in global demand, the domestic reforms being pushed through seem to be gaining good traction for the Mexican economy. For more information, visit Delta Economics.
Hasta la próxima!