Mexico’s central bank halves growth forecast for 2025
Tariffs not incorporated in prediction model, but Banxico expects uncertainty to dampen investment
The Bank of Mexico (Banxico) has cut its growth forecast for 2025 by half and flagged policy uncertainty in the US.
In its latest quarterly report, published yesterday (February 19), Banxico reduced the forecast for GDP growth in 2025 to 0.6%. This was compared with 1.2% in the previous quarterly report. It kept the growth forecast for 2026 unchanged.
This revision, the bank said, was due to an arithmetical effect whereby the lower-than-expected growth in the last quarter of 2024 had induced a
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