LatinNews Daily - 24 November 2025

*Mexico’s national statistics institute (Inegi) has released GDP figures for the third quarter of 2025, reporting contractions of 0.3% in quarterly terms and 0.2% in yearly terms. This follows two consecutive quarters of GDP growth, following quarterly growth of 0.4% in Q2 and of 0.2% in Q1, according to the latest figures. In Q3, activity in the primary sector (agriculture) was up 3.5% in quarterly terms, while the tertiary sector (services) saw growth of 0.2% and the secondary sector (manufacturing) fell by 1.5%. In yearly terms, the primary sector saw growth of 2.9%, while the tertiary sector grew by 1.0% and the secondary sector dropped by 2.7%. Economic experts consulted by the central bank (Banxico) in late October predicted that the nation’s GDP would grow by 0.50% in 2025, down from a previous (September) forecast of 0.53% but up from a forecast of just 0.08% in May this year. Meanwhile, the International Monetary Fund (IMF) has forecast growth of 1.0% this year, up from the 0.2% estimated in July, while it anticipated growth of 1.5% in 2026.

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