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LatinNews Daily - 4 June 2025
In brief: Private sector cuts Mexico’s 2025 growth forecast
*Private sector analysts surveyed by Mexico’s central bank (Banxico) have reduced their 2025 GDP growth forecast for Mexico to 0.08%, down from 0.11% in a previous (April) survey. The analysts also lowered their 2026 GDP growth forecast to 1.36%, down from 1.41%. Many institutions, including Banxico itself, the World Bank, and the International Monetary Fund have slashed Mexico’s 2025 growth forecasts in recent months, citing global uncertainty and protectionist US trade policies under President Donald Trump. In its latest Economic Outlook report, published on 3 June, the Organization for Economic Cooperation and Development (OECD) forecast GDP growth of 0.4% in 2025 and 1.1% in 2026 for Mexico. While this is up from a contraction of 1.3% forecast in March, the OECD notes that the outlook for growth remains uncertain given Mexico’s high exposure to the US market.
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