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Financial decision-maker sentiment: Mexico

An ongoing look at how the attitudes of financial decision makers in Mexico are evolving during the COVID-19 pandemic.

Although almost all financial decision makers in Mexico view the current state of the economy as weak or neutral, almost one third expect it to improve in the next 3 months. Similarly, almost 40 percent of financial decision makers believe their personal financial situation will improve in the next 3 months. Job security is a concern for almost half of consumers, and over half have less than 4 months of savings. Banks are performing per expectations, but consumers would like reduced minimums and easier access to a line of credit. Over half of financial decision makers are unsure about the economy after the COVID-19 crisis, but 30 percent are optimistic there will be a quick recovery.

About the author(s)

Alvaro Cubria is a partner in McKinsey’s Mexico City office, where Jose Gomez is an associate. John Euart is an associate in the New York office..

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