The economy will grow at a healthy pace in 2019. Private consumption will provide crucial support. Strong tourist inflows, recent business-friendly reforms and healthy activity in the automotive and mining sectors will also drive growth. However, unemployment remains high, and reaching the government’s objectives requires accelerated fiscal reforms. If investment can be assured, growth of real GDP should gradually rise to about 3.1% per year in 2020 and 4.6% by 2026.
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