Analysis by Region - Emerging Markets - Mexico
We've recently cut our 2025 GDP growth forecast for Mexico by 0.2ppts to 1.7%. The revision accounts for base effects from the lift to our 2024 growth estimate to 1.3% in seasonally adjusted terms. Our forecast for next year is still well above the consensus of 1.0% as we expect a stronger contribution from the net external sector to offset slowing domestic demand.
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