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Banxico Lowers 2024 GDP Growth Forecast to 1.5%

MEXICO
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
  • 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)
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  • 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)