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LatinNews Daily - 22 January 2025

In brief: Analysts reduce Mexico 2024 GDP growth forecast

*Economic analysts surveyed by Citi México, a local financial group operated by US multinational investment bank and financial services corporation Citigroup Inc, have revised down their 2024 GDP growth forecast for Mexico, from 1.6% to 1.5%. The analysts maintained their forecast for 2025 GDP growth at 1.0% from the previous (7 January survey). Headline inflation projections for 2025 were also unchanged at 3.91%, while forecasts for the core component declined slightly to 3.68% from 3.71% in the last survey. Analysts expect interest rates to close the year at 8.50%, down from 10% currently.

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