Mariana Zepeda, Latin America analyst at FrontierView: “Mexico’s economy experienced an unexpected upswing in January, driven by robust consumption, strong exports and steady industrial investment. Despite global and domestic headwinds, FrontierView expects Mexico’s GDP to expand by 1.1 percent this year, with standout labor market strength a key growth driver. Unlike other Latin American countries that are set to experience varying degrees of job destruction in 2023, Mexico’s labor market is expected to be even stronger in 2023, as the sectors with the largest shares of employment—manufacturing and retail—remain resilient. Unemployment rates remain low, with unemployment under 4 percent in most states, which should help bolster consumer spending. Even though the United States is experiencing a slowdown, remittance inflows are expected to remain high due to continued job demand in the U.S. construction and services sectors. While Banxico’s hawkish monetary policy will keep interest rates high throughout 2023, it has also boosted investor confidence. That said, the Andrés Manuel López Obrador (AMLO) administration’s obdurate style could continue to…”