August 28, 2024 18:48 GMT
Banxico Lowers 2024 GDP Growth Forecast to 1.5%
MEXICO
- Banxico lowered its 2024 GDP growth forecast to 1.5% from 2.4% previously, according to its quarterly report released Wednesday.
- The 2025 GDP growth forecast was lowered to 1.2% from 1.5%.
- Inflation forecasts were unchanged from the previous monetary policy meeting, with headline inflation seen ending the year at 4.4% and core inflation falling to 3.9%.
- Link to Banxico's QIR here (Spanish only)
59 words