2018: Mexico will move into deficit

We said:

It is unlikely that the fiscal surpluses observed in 2017 will be sustained throughout 2018. Banxico’s operational profits, which derived from FX gains in 2017, have fallen significantly and thus their transfer to the fiscal accounts in Q1/18 will be smaller or even zero. Moreover, the start of the election season in Q2/18 will likely translate into a further narrowing of the fiscal surplus owing to higher pre-election spending. Thereafter we could see small primary fiscal deficits.

Outcome:

March data showed that Mexico posted their first primary fiscal deficit in more than 15 months

Economics

02 Feb 2005
01 Sep 2004
12 Aug 2004
05 May 2004
20 Jul 2000
01 Apr 1999
06 Jan 1999
01 Sep 1997
06 Jun 1995
10 Feb 1994
10 Mar 1993
06 Feb 1992
10 Dec 1991
03 Jan 1990

Politics

Markets

15 Apr 2016
16 Oct 2015
25 Nov 2013
20 Dec 2012
20 May 2004
03 Jul 2001
VIDEO

Video

View our summary videos on fast trending topics. To listen to a recording of our Conference Calls, please get in touch with zdl@tslombard.com

READ MORE
TRACK RECORD

Track Record

We have a 29 year track record of successful calls. Many of these calls combined economic, political and market analysis.

READ MORE
PRESS

Press

To request an interview with a member of our team, please get in touch zdl@tslombard.com .

READ MORE

Menu

Client Login


Don't have an account? CREATE YOUR ACCOUNT
READ MEET TALK