The approved energy reform is expected to have a significant impact on long-term growth
• In the short term, growth remains soft; we revise lower our 2014 GDP forecast to 3.0% from 3.8% prior
• Moderate growth and contained core inflation will l...
Our MFCI shows how much tighter conditions are since Q2-2012, mainly on the stronger MXN
• Banxico cut rates in April to curb MXN appreciation, and we think it will cut again
• Lower rates make sense both because of vast global liquidity, and weak...
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Digital technology is transforming the economy and society. Adoption, not invention, has the most economic impact. Technology can lift developed countries if they embrace change. New technologies offer more opportunities than challenges for emerging markets.
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