Mexico's economy is in a critical state.

The Mexican Institute of Financial Executives (MIFE) has warned that Mexico will face its biggest financial challenges since the 1980s, as the growth of Latin America's second-largest economy shows signs of slowing down.

Recently, the International Monetary Fund (IMF) lowered its economic growth forecast for Mexico to 2.4% in 2024 and 1.4% in 2025, lower than the 2.7% and 1.5% figures it had released earlier in January, respectively.

MIFE President José Domingo Figueroa stated that Mexico's efforts to complete major infrastructure projects in the final year of President Andrés Manuel López Obrador's administration have marked a significant increase in public spending, which will present Mexico with major financial challenges and lead to a downgrade in its credit rating. Not only the government but also the private sector will be forced to borrow short-term credit at high interest rates.

CHI HANH

Source: https://www.sggp.org.vn/kinh-te-mexico-o-muc-bao-dong-post736187.html