Mexico City, (EFE) .- Bank of Mexico (Banxico) warned of the persistent “weakness” in the national economy due to the uncertainty generated by the tariff measures announced by the United States, which seems to confirm the forecasts of economic deceleration in 2025.
“At the regional level, it is estimated that the economic activity would have continued to be in the north, the center and, more accentuated, in the south during the first quarter of 2025,” said the Central Bank in its ‘report on regional economies, January-March 2025’.
The report is published after confirming that the economy in the first quarter advanced 0.2% with respect to the previous period, and 0.6% compared to the same quarter of last year, according to inegi disseminated data.
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The document recalled that in the first quarter the “secondary as the tertiary were contracted”, so the low growth that was reported in the period, which meant 0.20%, was a consequence of the “expansion of primary activities.”
“In the external field, the uncertainty associated with the policies that our main trade partner could implement persists, which, by itself, could be affecting the decisions of the economic agents, even before these measures are completed,” he said.
And he pointed out that this could impact northern entities and central regions in particular, “given their high integration with the international market.”
The deterioration of perspectives has been deepened in recent weeks, and Banxico reduced two growth forecasts for the Mexican economy, the second most important in Latin America, by estimating a growth of just 0.1% in 2025, compared to 0.6% planned at the end of last year.
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He also foresaw that entities that have historically been issuing migrants and for which remittances are a “relatively important” income source could be affected by the possible 3.5% tax proposed by the Trump government, and currently under discussion in Congress.
Among other challenges, there were public insecurity, extreme climatic events such as droughts, floods and frosts, so it is “fundamental” to continue strengthening internal sources of growth, generate conducive conditions for investment and take advantage of the opportunities provided by the current situation.
“In that sense, trade under the framework of the TMEC (Treaty Mexico, the United States, Canada) offers preferential treatment that represents an opportunity to strengthen the value chains of North America and expand the participation of the regions in them,” he said.
With EFE information
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