Jonathan Heath, one of President Andres Manuel Lopez Obrador’s nominees for the Mexican central bank, Banxico, expressed his take on the Mexican economy in his congressional hearing late-Monday.
Key Quotes:
“For January, right now I’d think that we could see a negative rate (of growth).”
“If it goes on beyond February, March, who knows when, we could start to get in to something dangerous, and then I would be more worried.”
“If it’s a problem that lasts a week, two more weeks, and we see things starting to work themselves out, I think the effects could be minimal.”
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