- Banco de Mexico also lowered 2025 growth projection to 1.2%
- Weakness in US manufacturing has soured outlook for Mexico
Mexico’s central bank cut its growth forecast for 2024 and 2025 following an economic slowdown that started in the fourth quarter of last year.
Banco de Mexico’s Governor Victoria Rodriguez said the bank revised its projection for growth this year to 1.5% from a previous estimate of 2.4%.
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