Search This Blog

Wednesday, August 28, 2024

Mexico’s Central Bank Slashes 2024 GDP Growth Forecast to 1.5%

 

  • 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%.

https://www.bloomberg.com/news/articles/2024-08-28/mexico-s-central-bank-slashes-2024-gdp-growth-forecast-to-1-5

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.