The Government of Claudia Sheinbaum reduced its growth forecast for the economy this year to a range between 1.5% and 2.3%, from the previous 2% to 3%.
The downward review of the estimate responds to a slowdown in residential investment, a lower expansion in oil mining and persistent offer of supply shocks from 2024, Treasury said in its precriterities of economic policy by 2026.
The agency added that the uncertainty about US commercial policy and adjustments in their relationship with its partners have generated a sensitive increase in caution in private investment and consumption, affecting its dynamism in the short term.
The Government also reduced its prognosis of GDP expansion by 2026, passing it from a range of between 2% and 3% to one ranges between 1.5% and 2.5%.
