*The International Monetary Fund (IMF) has released its latest World Economic Outlook (WEO) report in which it projects that Mexico’s economy will expand 1.0% in 2025 and 1.5% in 2026, an increase of 0.8 and 0.1 percentage points respectively on its previous (July) forecast. Mexico’s GDP expanded 1.4% in 2024. In its report the IMF said that in global terms “
to date, more protectionist trade measures have had a limited impact on economic activity and prices” – a reference to the impact of US tariffs pursued by the administration led by President
Donald Trump. In a report on Mexico
last month following an Article IV Mission to the country, the IMF stated that the effect of US tariffs and trade uncertainty would continue to be felt, despite Mexico’s “
record of very strong policies and policy frameworks”, which it said had “
proved to be an important asset as the country navigates the uncertain economic environment”.
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