Header and navigation menu

Page content

Bank of Mexico cuts growth forecast as inflation optimism is questioned

The Bank of Mexico on Wednesday cut its growth forecast for Mexico's economy to near zero and raised its short-term inflation forecasts as Latin America's second-largest economy continues to reel from global trade uncertainty. In its third-quarter report, the central bank projected gross domestic product growth of just 0.3% this year, down from 0.6% in its previous forecast. The bank maintained its 1.1% growth forecast for 2026 and announced a 2.0% projection for 2027. [....]