Analysts consulted by CITI reduced their growth expectations for the Mexican economy in 2025 to 0.9%, from 1% previously calculated, according to the most recent biweekly survey of the Financial Group.
The downward review was given after three previous polls where the expectation for this year was 1%.
For next year the 33 analysis groups consulted maintained their forecast at 1.8%.
Banxico announced yesterday a cut to its estimate on GDP by 2025 to 0.6%, from 1.2% previously predicted.
The Central Bank justified the reduction of its expectations for this year because “a high uncertainty prevails about the policies that the new US administration” of Donald Trump “could implement.”
Lee: Bank of Mexico drops to 0.6%, half, its GDP prognosis in 2025 and possible contraction alert
The Mexican economy slowed 1.5% in 2024, after an expansion of 3.2% in 2023, and only in the fourth quarter of last year the economic activity fell 0.6% against the previous period, the first contraction in the last three years, According to INEGI data.
On the other hand, the median analysts foresaw that Banxico will apply in March another half -point cut to its reference rate, to locate it in 9%.
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