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The victory of Donald Trump in the United States election last year made Wells Fargo change their view regarding Mexican economic growth in 2017. The change to Well Fargo's forecast at that time was a consequence of the new U.S. administration’s rhetoric regarding Mexico’s participation in NAFTA, Mexican immigration as well as the construction of a border wall between the two countries that was expected to be paid for by Mexico. Thus, Wells Fargo expected a shock to the Mexican economy in 2017. However, after the release of the January economic activity index, which came in stronger than anticipated in late March, and the watered down prospects for policies against Mexico has made Wells Fargo change their view of its potential effects on the Mexican economy in 2017. That is, as of today, there is a lower chance that some of these policies will severely affect the Mexican economy in 2017.

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