Mexican central bank boosts growth forecasts

<p>The move to re-shore production to North America has been a tailwind for Mexico and for the Mexican peso. </p><p>The central bank boosted its forecast for growth this yer and slightly raised inflation as well:</p><ul><li>Sees 2023 GDP at 3.0% vs 2.3% prior</li><li>Sees 2024 GDP at 2.1% vs 1.6% prior</li><li>Sees core inflation for Q4 at 5.1% vs 5.0% prior</li></ul><p>If Mexico could ever get crime under control, it would be boom. I've <a href="https://www.forexlive.com/news/!/the-mexican-peso-powered-through-the-past-two-days-and-is-on-the-verge-of-a-breakout-20200904" target="_blank" rel="follow">been a long term MXN bull</a>.</p>

This article was written by Adam Button at www.forexlive.com.