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Mexico disasters should not cause major economic impact: Banxico
October 13, 2017 / 4:05 PM / in 2 months

Mexico disasters should not cause major economic impact: Banxico

MEXICO CITY (Reuters) - Mexico is likely to see lower than expected growth in the short term following a string of natural disasters but its economy should rebound in a similar proportion to the dip, a Mexican central bank official said on Friday.

Deputy Governor Javier Guzman said at a presentation in Washington that while it was still too early to predict the exact effect, the impact of the disasters should not significantly affect the economy’s long-term outlook, according to a document released by the bank.

Reporting by Michael O'Boyle. Editing by Daina Beth Solomon

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