Economics
Mexican Economy Facing Tough 2017 Even Without Trump’s Wall
- High inflation, weak peso and possible rate hikes pose threats
- Less U.S investment may also weigh on economic expansion
Peso Falls as Trump Pressures Ford, GM to Invest in U.S.
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Bank of Mexico’s governor has warned that Donald Trump could be a “horror film” for the nation. Analysts say the country’s economy is in for a nightmare even if the incoming president doesn’t build that wall or ball up NAFTA.
Surely, Trump’s ability to alter relations between the nations will play a major role in how Mexico’s economy performs in 2017, and on Tuesday, Trump said that General Motors Co. should face a hefty tariff for exporting cars from Mexico. But the country had its work cut out for itself even before he prevailed, as problems from a weakening currency to faster inflation look certain to deliver a third straight year of slowing growth.