IMF’s Werner: High levels of uncertainty for the Mexican economy for next 12 to 18 months

The International Monetary Fund's (IMF) Director of the Western Hemisphere Department, Alejandro Werner, crossed the wires earlier on the day, via Bloomberg, speaking on the Mexican economic outlook at an event in Mexico.

Key Headlines:

High levels of uncertainty for the economy in Mexico for the next 12 to 18 months

NAFTA negotiations may be antagonistic

2017 election in the country may also cause uncertainty

Corruption, weak rule of law limit growth

Banco de México does not need to raise rates just on the weaker peso