Mexico's economic growth expectations are reduced after earthquakes

After Mexico was struck by two devastating earthquakes , an 8.2-magnitude quake on Thursday, September 7 , followed by a 7.1-magnitude quake on Tuesday, September 19 , last month, the analysts surveyed by the Mexico's Central Bank ( Banco de México abbreviated Banxico ), reduced their expectations for 2017 and 2018 in terms of economic growth.

In a statement, Banxico reported that 2017 forecast dropped at 2.10% compared with the expected 2.15% while 2018 forecast was adjusted from an estimated 2.40% to 2.30% .

The survey was conducted between September 19 and September 28 , taking into account the aftermath of the earthquakes resulting in an economy downward adjustment and an inflation rise .

The analysis is anticipating higher inflation for this year as well, 6.30% compared with the 6.25% of the previous survey.

2018 inflationary prevention

decreased slightly from 3.80% to 3.79% .

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