Mexico Energy: Weak Outlook

Govt reverses direction of energy reform before its full effects could be quantified and felt.

BY HUNT BUCKLEY
AND LARRY PASCAL

The 2020 outlook for general economic growth in Mexico continues to be soft, although some positive developments, such as the implementation of the recently ratified USMCA, may improve the current outlook.  IMF forecasts a modest 1 percent growth rate for 2020 for the economy as a whole, which if achieved would represent an improvement from the more modest growth rate of 0.1 percent for 2019.  Current long-term trends appear to hamper the Mexican hydrocarbons sector, resulting in ...

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Keywords: CFE, Haynes and Boone, Mexico, Pemex, Talos Energy, USMCA

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