This is the first time that the members of the Governing Board speak of the word recession since the Donald Trump government began with the threats for tariffs to Mexican products.
Before the signs of a slowdown of the Mexican economy coupled with the uncertainty environment for commercial tensions, the Central Bank will make a downward review of its growth forecast.
In the quarterly report last February, Banxico reviewed 0.6% Your growth perspective for the country. Since then, different banks and international organizations have warned that the economy of Mexico will be zero growth or negative growth.
Despite these estimates, the Ministry of Finance considers that Mexico can grow up to 2.3% This year, what was considered by analysts as an “optimistic” forecast.
Commercial tensions aggravate the panorama
It is not just about growth.
Tariffs will inhibit investments, especially those of the automotive sector, one of the pillars of Mexican exports.
“The recent imposition of tariffs on the content not produced in the United States in vehicles and auto parts can inhibit the arrival of new investments to Mexico, regardless of their duration and permanence,” said the Central Bank.
The materialization of a stage of high tariffs and durable would have an impact on a weakening of external demand.
