Mexico's economy at alarming level

The Mexican Institute for Financial Regulation (MIFE) has just warned that Mexico will face its biggest financial challenges since the 1980s, in the context of the growth of Latin America's second largest economy showing signs of slowing down.

The International Monetary Fund (IMF) recently lowered its forecast for Mexico's economic growth to 2.4% in 2024 and 1.4% in 2025, down from the 2.7% and 1.5% forecasts it made in early January.

Mexico’s efforts to complete major projects in the final year of the government of President Andrés Manuel López Obrador have marked a significant increase in public spending, which will cause the Mexican economy to face major financial challenges and a downgrade in its credit rating, said MIFE President José Domingo Figueroa. 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