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Analysis by Region - Emerging Markets - Mexico

Publisher Oxford Economics
Published Apr 15, 2025
Length 8 Pages
SKU # OFE20029164

Description

We have cut our 2025 GDP growth forecast for Mexico by 0.7ppts from last month to near 0%, slightly below consensus of 0.3%. The economy edged closer to a technical recession in Q1 and the effects of the US trade war are still uncertain. We expect Mexico to experience a shallow V-shaped recession and rebound by 2% next year, slightly above the consensus of 1.5%.

Table of Contents

8 Pages
India: Tariff worries add to existing growth concerns
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Alternative long-run scenarios
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics

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