The Economic activity in Mexico He reported, last March, no growth in the midst of an uncertainty situation, according to the information presented by the National Institute of Statistics and Geography (INEGI).
For the month of March, the Timely indicator of economic activity (IOAE) threw a monthly variation of 0%, while in its monthly comparison 0.2 percent would have contracted.
In this way, the Mexican economy, although it would not continue to bite, would be stagnant in the midst of the world’s uncertainty generated by the tariff issue.
Within the report of the INEGIit was observed that the monthly stagnation would be caused by similar behavior in the secondary sector, as well as a contraction of the tertiary sector.
In the case of Secondary activitiesthe IOAE reported a stagnation during the month of March.
For its part, the services sector would see a monthly fall of 0.1% in the third month of the year.
“Considering the available data of the first quarter, GDP would have shown a moderate contraction of 0.04%,” said Gabriela Siller, director of Economic Analysis of Banco Base.
In this regard, he pointed out that in annual comparison the economic growth of the first quarter of 0.53 percent.
The Mexican economy has shown signs of weakness since last year, which have increased alongside the threats and imposition of Donald Trump’s American government tariffs.
The above has generated that the growth expectation for Mexico is cut this year and, it has even been alerted to a possible economic recession.
Only on Tuesday the International Monetary Fund (IMF) reviewed its growth projection for Mexico, which went to a contraction of 0.5 percent.
The IMF estimated contrasts with which the president’s government maintains Claudia Sheinbaum. At the beginning of the month, although it was modified, the Ministry of Finance and Public Credit, in charge of Edgar Amador Zamoramodified its 1.5 to 2.3% projection for this year, which has been considered as optimistic extreme in the current uncertainty.
