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MISSION

Ecanal conducts economic research and analysis of economic trends in Mexico's risks and opportunities, and of government policy from the perspective of the private sector with a normative approach. It offers business a structured view of key economic issues and forecasts with a straightforward, direct language, as an aid to company planning.

WHERE IS THE ECONOMY? (1 July 2017)

We expect global growth in 2017 improve slightly from growth in 2016. The US keeps growing at 2% to 2.5% with low inflation. The euro zone is now recoverng growth at a modest pace, but its outlook is still uncertain for the medium-term, as Greece and Italy face problems with their fiscal and banking debts. Moreover, as the Fed incrases rates, the ECB has signalled it must follow. China's growth should continue to weaken after the Communist Party summit next November, as it must rein in excessive credit and bad loans.