Economic Outlook for Mexico: Growth, Inflation, and Exchange Rates for 2024 and 2025

Draft Budget Reveals Mexican Economy Expected to Grow up to 3.5% in 2024, According to The Mighty 790 KFGO

The economy of Mexico is expected to grow between 2.5% and 3.5% this year, according to the draft budget from the finance ministry. The forecast for 2025 shows further expansion, with a projected growth rate of 2.0% to 3.0%. Inflation in the second-largest economy in Latin America is predicted to decrease to 3.8% this year, aligning with the central bank’s target range of 3%, plus or minus one percentage point.

The draft budget anticipates a slowdown in inflation for 2024, with a rate of 3.3% expected for 2025. The exchange rate for the Mexican peso is projected to be 17.8 pesos per dollar this year, with a slight weakening to 18.0 pesos per dollar in 2025. The forecast for average crude oil production in Mexico in

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