• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Editor's Pick

IMF sees Mexico economic growth slowing in 2024, 2025

by October 15, 2024
written by October 15, 2024

MEXICO CITY (Reuters) – The International Monetary Fund (IMF) on Tuesday said it sees Mexico’s economic growth slowing to around 1.5% this year, citing capacity constraints and tight monetary policy.

Growth is seen slowing to 1.3% next year in Latin America’s second-largest economy, the IMF said in a statement, when inflation is also seen closing in on the central bank’s target of 3%.

Mexico’s central bank, known as Banxico, lowered its benchmark interest rate to 10.50% in a split decision in September.

But minutes from the meeting showed that the board members expect easing inflation could allow for further rate cuts.

“Inflation risks remain on the upside,” the IMF said, warning that weaker-than-expected economic growth in the United States, increased global risk aversion and unforeseen effects from recent reforms could weigh on Mexico’s output.

The IMF said that a recent judicial reform creates “important uncertainties about the effectiveness of contract enforcement and the predictability of the rule of law.”

Mexico’s ruling party and allies pushed through the reform last month, arguing it will reduce corruption in the judiciary by implementing the popular election of judges and magistrates.

But it has sparked concerns from major trade partners like the U.S. and Canada and protests from judges and magistrates.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Wall Street banks propelled by investment banking gains
next post
Wizz Air confirms Airbus deliveries until end of 2025

You may also like

China central bank conducts 1.7 trln yuan of...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

ECB president fears loss of central bank independence

January 27, 2025

European tech shares tumble as China’s AI push...

January 27, 2025

Futures slip as investors eye China’s latest AI...

January 27, 2025

Markets may be repeating the mistake of 2019,...

January 27, 2025

How billionaire Caltagirone could influence Italy’s banking M&A...

January 27, 2025

How Italy’s MPS went from near collapse to...

January 27, 2025

Analysis-To weather Trump, emerging market investors look to...

January 27, 2025

Chinese AI startup DeepSeek overtakes ChatGPT on Apple...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks

      June 26, 2025
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

      June 26, 2025
    • Bumble shares jump 26% as dating company plans to axe 30% of workforce

      June 26, 2025
    • Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

      June 25, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (534)
    • Stock (6,426)

    Latest News

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

    Popular News

    • Boeing to cut 17,000 jobs and delay first 777X delivery as strike hits finances
    • Fitch downgrades Spirit Airlines’ long-term credit rating

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy