Tag: Mexico

The Mexican economy holds steady, but fluctuating currency value and mounting international pressure weigh on Latin America’s second largest economy.

With steady growth throughout the year despite a slight deceleration towards year’s end, the Mexican economy appears steady. However, increasingly fraught relations with the United States and the promise of tariffs from President-Elect Donald Trump, threaten the nation’s continued economic growth in the coming year.

Mexico’s economic state remains impacted by several external and domestic uncertainties in addition to a recent volatility surge in the local currency market. Gross domestic product (GDP) is expected to rise 2.2% this year and 1.9% in 2025. The consensus view for next year was downgraded from a forecast of 2.1% in a January poll, according to Reuters.