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Economy / Mexico

Macroeconomic Forecast Mexico

February 2011 | Macroeconomic Forecasts

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BMI View: Official unemployment finished 2010 at 4.94%, according to data from Mexico's statistics agency, the highest end-year rate in 15 years. This will be concerning for the authorities, who would no doubt have hoped that rising economic activity levels throughout 2010 would have bolstered job creation. That said, we do not expect stubbornly high unemployment rate to persist over the next 12 months, as growth picks up in line with a robust US economic performance, and as a result are pencilling in an end-2011 unemployment rate of just 4.00%.