Buenos dias!
This is Augusto Corallo from Mexico City.
The first case is the oil market. In it an upturn is not glimpsed in crude oil prices over the short term, because the planet, quite simply, is awash in black gold. The strategy of torpedoing US investment inducing freefall in oil prices, so that their oil wells are no longer profitable, close and rebalance the market thanks to lower supply, has not finished working.
With all the abundance of oil, Mexico will have to adapt to this new reality that oil prices are much lower than those prevailing in recent years.
The states and municipalities will have to add to the efforts of national savings. Finance Minister and warned that 2016 will have, certainly, less income, so they urged that (they also) seek ways to reduce spending in order to balance their accounts.
Therefore, between the strength of the US, the depreciation of the peso and apathy of consumption in Mexico, the external imbalance has remained at sustainable levels. This is important given the context of the energy reform will attract less foreign direct investment (FDI) than initially planned.
