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The fighting in Western Sahara, which broke out again in November 2020, remains of low intensity. Yet outside powers would be wrong to assume that it will not escalate. With U.S. support, the new UN envoy should pursue confidence-building measures that could facilitate negotiations.
From the Dallas Fed-- this post authored by Jesus Canas and Juliette Coia
Mexico's Output Growth Slows Outlook Improves Further -- this post authored by Jesus Canas and Chloe Smith Mexico’s gross domestic product (GDP) growth slowed to a 1.6 percent annualized rate in first quarter 2021 from 13.7 percent in fourth quarter 2020. Nevertheless, the consensus GDP growth forecast for 2021 compiled by Banco de México increased from 3.7 to 4.5 percent in March.[ 1] The upward revision was likely driven by stronger U.S. growth and increased synchronization in the global economic recovery. Mexico still faces headwinds from COVID-19. Supply and logistical issues have slow...
-- this post authored by Jesus Canas and Chloe Smith Mexico's gross domestic product (GDP) grew an annualized 58.0 percent in third quarter 2020. The consensus GDP growth forecast for 2020, compiled by Banco de Mexico, was revised up from -9.3 percent in October to -9.0 percent in November.[ 1] The latest data available show continued improvement as industrial production, employment, exports and retail sales increased. The peso gained ground against the dollar in November, while inflation was closer to the target rate. Output Recovers in Third Quarter Mexico's third-quarter GDP rose an annual...