What are the main positives and negatives regarding Mexico’s economy that could affect the growth outlook for 2018 and 2019?
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Household spending has been positive, as it has remained buoyant this year in line with the tight labor market and a strong U.S. economy; it has contributed to upbeat remittance inflows and is likely to continue to do so. In terms of weaknesses, despite the newly-signed USMCA, this year’s pullback in global trade hangs over the external sector.