Draft Budget Reveals Mexican Economy Expected to Grow up to 3.5% in 2024, According to The Mighty 790 KFGO

Mexico’s Economy to Grow by 2.5% to 3.5% in 2021, and Inflation to Decrease to 3.8%; Draft Budget for 2024 and 2025 Predicted

Mexico’s economy is projected to grow between 2.5% and 3.5% this year, according to a draft budget from the country’s finance ministry. The forecast for 2025 shows further expansion, with a projected growth of 2.0% to 3.0%. Inflation in the second-largest economy in Latin America is predicted to decrease to 3.8% this year, aligning with the central bank’s target range of 3%, plus or minus one percentage point.

The draft budget also anticipates a slowdown in inflation for 2024, with a rate of 3.3% expected for 2025. The exchange rate for the Mexican peso is projected to be 17.8 pesos per dollar this year, with a slight weakening to 18.0 pesos per dollar in

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