BMI remains optimistic toward Mexico’s long-term growth outlook, forecasting real GDP growth to average 4.0% between 2013 and 2022 on the back of Mexico’s booming manufacturing sector, increasingly strong private consumer and favourable demographics, all of which bode well for the country’s shipping and port sectors. We have modestly revising up our 2013 real GDP growth forecast, from 3.4% to 3.6% to take into account potential for a stronger export and investment picture, in light of our recent upward adjustment to US growth. That said, this still represents a noticeable slowdown from our estimated 4.0% growth in 2012.
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