The International Monetary Fund (IMF) said Tuesday that the Mexican economythe second largest in Latin America, 0.3% will contract In this year for the impact of Donald Trump’s government tariffs, among other factors. In contrast, the agency expects the economy of Latin America to grow 2%.
The Government of Claudia Sheinbaum reduced its growth forecast for 2025 to a range of 1.5% to 2.3% from a forecast of 2% to 3%, by mentioning uncertainty for the United States commercial policies, its largest commercial partner.
However, private analysts are more pessimistic: the private bank Banamex anticipated a stagnation on April 10, without economic growth this year.
“We have a plan to strengthen the Mexican economy, we do not match this vision (of the IMF), among other things, because we are working,” said the president on her usual morning press conference.
The president recalled that her government presented the Mexico Plan, a project with the private initiative with which its administration seeks to increase investments, as well as increase the supply and local consumption in different sectors of the economy.
“If there was no public investment there would probably be the decrease in economic growth (which predicts the IMF) but it is very different,” he said.
The tariffs Trump applied to dozens of countries exclude in the case of Mexico and Canada to all the goods that are exported under the rules of the Free Trade Agreement T-MEC.
However, both the steel industry and the automaker, keys in the Mexican economy, did receive taxes.
