The United States protectionist policy weighs on economic perspectives in Mexico, where the Central Bank (Báxico) has again reduced its growth forecast by 2025, from 0.6 to 0.1%.
The Central Bank survey contrasts with the optimism of the government of President Claudia Sheinbaum, which focuses on growth between 1.5% and 2.3% this year, against 1.2% in 2024.
An important partner
Mexico achieves more than 80% of its foreign trade with the United States, where President Donald Trump threatens the entire world with an aggressive customs policy of customs.
In Mexico, the effect of Trump’s threats has been limited thanks to the preferential treatment that Mexican companies benefit in the framework of Alyum, the free trade agreement between the two countries and Canada, says the Central Bank. But “the high uncertainty environment” already weighs on national activity, which has shown less growth due to “the weakness of consumption and investment in the first months of the year,” the report continues.
Source: BFM TV
