The forecast for Mexico’s economy shows continued growth, with a projected increase of 2.0% to 3.0% in 2025, according to a draft budget from the country’s finance ministry. Inflation in the second-largest economy in Latin America is expected to decrease further, with a rate of 3.3% predicted for 2024 and aligning with the central bank’s target range of 3%, plus or minus one percentage point in 2021 and 2025.
The exchange rate for the Mexican peso is projected to be slightly weaker at 18.0 pesos per dollar in 2025 compared to this year’s projection of 17.8 pesos per dollar. Meanwhile, crude oil production is expected to remain stable, with an estimated output of 1.86 million barrels per day in
