MEXICO CITY – Analysts from 21 financial institutions expect Mexico’s gross domestic product to grow 3.69 percent this year and 3.3 percent in 2013, Grupo Financiero Banamex said in a report.
The report, “Expectativas de inflacion y PIB” (Expectations for Inflation and GDP), was released by the research department at Banamex, a unit of U.S.-based financial behemoth Citigroup.
The forecast was based on a survey of analysts at 21 banks and brokerage firms, Banamex said.
The 2012 GDP forecasts range from a high of 4 percent at Barclays to 3.4 percent at Bank of America and HSBC, while the economic growth forecasts for next year range from a low of 2.3 percent at Bank of America to a high of 3.8 percent at Banamex.
The financial institutions have average inflation forecasts of 3.99 percent for 2012 and 3.69 percent for 2013.
The exchange rate, meanwhile, is projected to average 12.93 pesos per dollar this year and 12.66 pesos per dollar in 2013.
The Mexican government is forecasting GDP growth of 3.5 percent for this year and 3.8 percent in 2013. EFE