Published on Friday, November 23, 2018 | Updated on Friday, November 23, 2018
Mexico | Five social & labour programmes from the 2nd consultation would cost 0.85% of GDP
Summary
Although the consultation indicates that the new refinery in Dos Bocas will cost 50 billion pesos (0.22% of GDP), we consider that it refers only to the first stage, since the incoming Secretary of Energy, Rocío Nahle, estimated that it would cost 160 billion pesos (0.69% of GDP) and would be completed in 3 years.
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Authors
GC
Guillermo Jr. Cárdenas Salgado
BBVA Research - Senior Economist
LE
Luis Antonio Espinosa
BBVA Research - Economist
JL
Juan José Li Ng
BBVA Research - Senior Economist
CS
Carlos Serrano
BBVA Research - Chief Economist