LatinNews Daily - 1 May 2025

*Mexico’s national statistics institute (Inegi) has calculated that GDP grew by 0.2% in the first quarter of 2025 compared with the previous quarter. This was due to an 8.1% rise in primary activities (agriculture), while secondary activities (manufacturing) declined by 0.3%, and tertiary activities (services) remained unchanged. In annual terms, GDP for the first quarter of 2025 was up by 0.6%. This was due to a 6.0% increase in the primary sector, while the secondary sector contracted by 1.4% and the tertiary sector grew by 1.3%. The positive GDP figures came as fears are growing over the risk of recession, with the International Monetary Fund (IMF) announcing last month that it expects Mexico to enter recession and the World Bank revising its growth forecast from 1.5% to zero. Responding to the latest GDP figures, President Claudia Sheinbaum said that “of course we want more, but given the circumstances of tariffs…of the uncertainty that has shaken the global economy in recent months…it’s good news”.

End of preview - This article contains approximately 173 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial