Mexico City. The Mexican economy will grow less than Latin America and the Caribbean in both 2024 and 2025, according to the document published this Tuesday by the International Monetary Fund World Economic Outlook. Policy shift and growing threats.
Within the framework of its annual meeting held in Washington, United States, the IMF reported in the document that it maintains its growth forecast for the Mexican economy for 2024 at 1.5 percent, while for Latin America and the Caribbean it estimates it at 2.1 percent.
By 2025, the Mexican economy will grow at a slower rate, since the gross domestic product (GDP) will only have increased 1.3 percent, while Latin America and the Caribbean will accelerate the pace, with an increase of 2.5 percent of its GDP, according to the IMF calculation.
Growth may be driven by Brazil, whose economy will expand 3.0 percent in 2024, a level that exceeds that projected for the region, as well as the estimate of Mexican GDP.
Even though in 2025 it could grow less (2.2 percent), it will continue to be above Mexico in growth, whose projections have been maintained by the IMF since last October 15, when it reviewed them.
“World growth is expected to remain stable, but at disappointing rates,” declared the multilateral organization in the document released today.
“The growth projection for 2024 and 2025, of 3.2 percent, has practically not changed with respect to the forecasts of the July 2024 World Economic Outlook Update (WEO) nor with respect to those of the April 2024 edition of the WEO report,” he noted.
It forecast global headline inflation to decline from an annual average of 6.7 percent in 2023 to 5.8 percent in 2024 and 4.3 percent in 2025, and for advanced economies to reach their goals before emerging and developing economies.
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