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LATAM’s lubricants market is recovering from the COVID-19 crisis and nearing pre-pandemic volumes, but further growth will differ depending on the lubricants segment itself.
Mexico is expected to resume growth in 2020 after last year’s economic stagnation, which was caused by a combination of negative factors including policy uncertainty and slower global and U.S. production. The economic recovery will be contingent on the successful implementation of prudent fiscal policies and the ratification of the U.S., Canada, Mexico (USMCA) trade
