Mexico lowers 2025 growth forecast to still rosy 1.5%-2.3%

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Mexico lowers 2025 growth forecast to still rosy 1.5%-2.3%

MEXICO CITY (Reuters) -Mexico’s government sees its economy growing between 1.5% and 2.3% this year, down from a prior estimate of 2.0% to 3.0%, a draft budget from the country’s finance ministry showed on Tuesday. The growth forecast, which the finance ministry called conservative, is rosier than estimates by the private sector and Mexico’s central bank and comes amid concerns that Mexico is on the precipice of a recession. The finance ministry…

The Government of Mexico updated its estimate of economic growth for 2025 to a range of 1.5 and 2.3 percent on Tuesday, April 1, for “uncertainty about US trade policy,” a day before US President Donald Trump announced a new round of tariffs. “The downward revision for 2025 growth responds to a lower dynamism in residential investment and the persistence of supply shocks since the end of last year. Business caution over uncertainty about US trad…

Mexico's economic growth targets for 2025 have been adjusted downwards, in an environment of high internal and external uncertainty. The Ministry of Finance has profiled an increase in gross domestic product (GDP) for this year in the range of 1.5% to 2.3%, a reduction compared to its own forecast of October 2024, when it set its forecast of an increase in GDP in the range of 2% to 3%. By 2026, the development of the Mexican economy is in the ra…

Although Mexico freed the reciprocal tariffs announced on Wednesday by Donald Trump, president of the United States, a day earlier, the Treasury Secretariat adjusted Mexico's estimate of growth downwards.In the face of the protectionist policy of the United States, Hacienda predicts that Mexico's GDP will grow in a range of 1.5 to 2.3 percent by 2025.THE MAY INTEREST: Scenario is adverse after Trump's confirmation of tariffs: economists MAY INTE…

Visits: 5 Macario Schettino pins @macariomx In fulfilment of its obligations, the Ministry of Finance published yesterday, already late, the pre-criteria of Economic Policy for 2026, which include an estimate of what will happen in the rest of this year and in the following. In the previous document, the criteria based on which this year's budget was constructed, its estimates were that the economy would grow 2.5% both in 2025 and in 2026. By t…