An economist commented on the impact of oil prices on the Mexican and US economies. He believes that if oil prices rise to $100 per barrel, it would slow US GDP growth by 0.1%, but would have a negligible impact on the rest of the world. For Mexico, on the other hand, this could be positive, as the resilience of the Mexican peso would allow the Bank of Mexico (Banxico) to cut its interest rate three more times this year. The economist also emphasized that rising oil prices would reduce the Federal Reserve's (Fed) room for maneuver. At the same time, he criticizes the discussion of electoral reform in Mexico, arguing that it does not help attract investment. He recalled that Donald Trump's tariff policy was a key factor that undermined investor confidence. He said that last year's economic growth was driven by exports, but it remains low. The economist also noted that financial stability is maintained, but there is a lack of fiscal discipline and a weakening of the pillars of growth. In conclusion, he expressed confidence in the preservation of the T-MEC agreement and suggested that the war in Iran would not last more than four weeks.
