The Mexican Institute of Finance Executives (IMEF) improved its forecasts on the expansion of the economy for this year from 0.1% to 0.4%.
The upward review of the private sector agency takes place after three months to the thread with surveys that estimated a progress closer to zero.
The most optimistic prognosis among the 43 members of the organization is 0.8%, and the most pessimistic is a contraction of 0.5%, according to the monthly survey of August.
In any case, it would be a slowdown compared to the 1.2% advance registered in 2024. By 2026, IMEF forecast remained at 1.3%.
The expectation for inflation in 2025, remained for the third consecutive month at 4%, in the roof of the tolerance rank of Banxico.
Lee: Consumers in Mexico would have opened a little more the portfolio in July
Meanwhile, the forecast on the traditional public balance as a proportion of GDP was slightly adjusted when passing from -4% to -3.9%.
On the other hand, the consensus of the analysts foresaw an exchange rate below 20 pesos when locating in 19.70, from the previous 20.10.
The IMEF estimated in a statement that Banxico will further reduce its reference rate and will be at the end of the year by 7.25%, and not at 7.50%. It is currently at 7.75%.
In the August exercise, the Institute did not include the forecast on formal employment in 2025, because the pilot test to incorporate digital platform workers initiated in July distorts the figures and makes it difficult to have an accurate estimate.
IMEF added that the members of its committee will review the issue to decide the clearest way to take into account the program in future estimates.
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