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Analysis

Uneven Optimism Across USMCA Businesses

New study reveals that Mexican executives expect far more growth by the end of 2021 than do Canadians or Americans.

By Aaron Rutstein | September 20, 2021 at 04:08 PM

Stock illustration: North America as part of global economy

If there is one thing that is clear in reflecting on the past year and a half, it’s that Covid-19 and the pandemic recession created uncertainty and instability for businesses around the world. This reality is well-documented in the results of the USMCA Payment Practices Barometer (PPB) survey released in July by trade credit insurer Atradius.

The report details the experiences and outlooks of businesses throughout the USMCA region—i.e., within the United States, Canada, and Mexico. One of its insights is the drastic difference in optimism felt by executives in the region’s different countries. Most survey respondents in Mexico expect to see an improvement in business performance over the coming months. In Canada, this picture is reversed, with a minority expressing optimism. Executives in the U.S., meanwhile, have a fairly neutral outlook.

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