Mexico City (Reuters) – The Secretary of the Treasury, Edgar Amador, said that the estimate of government economic growth by 2025 has a downward bias, although he said that activities are carried out to boost the expansion of the economy and investment.
When it presented its budgetary precriters in April, the Treasury reviewed down, between 1.5% to 2.3% from a previous projection of between 2% and 3%, the GDP growth range in this year.
“Given the difficulty we have to produce a punctual estimator, we put a range that goes from 1.5 (%) to 2.3 (%). We clearly have a downward bias in our growth estimates,” said the official in an interview with El Economista, within the framework of the Banking Convention.
In February, Banxico adjusted to half his expectation for the growth of the economy in 2025 to 0.6%, due to the high uncertainty regarding the policies of the new United States government that, he said, “implies challenges” for any growth forecast.
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“We are doing all activities to boost the domestic economy, especially investment,” Amador added, citing the Mexico Plan launched at the beginning of the year by President Claudia Sheinbaum in order to stimulate economic expansion.
The Mexican economy grew 0.2% in the first quarter compared to the previous three months, according to INEGI figures, dodging a technical recession, since it had contracted in the fourth quarter of 2024.
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