Mexico Budget Sees Higher Debt Levels, 2025 Growth Above 2%
- Inflation is expected to slow to central bank’s target range
- End of AMLO’s term in office came with additional spending
A Petroleos Mexicanos refinery. Crude exports are estimated at around 968,000 barrels per day this year and 958,000 next year.
Photographer: Alejandro Cegarra/BloombergThis article is for subscribers only.
Mexico’s economy will expand 2% to 3% in 2025 with a fiscal deficit equivalent to 2.5% of gross domestic product, according to a government estimate published Wednesday.
Inflation will slow to 3.8% by the end of 2024 and 3.3% by year-end 2025, from the current 4.4%, according to the preliminary numbers for the draft budget from Mexico’s Finance Ministry. Growth is forecast at 2.5% to 3.5% this year, above the average estimate by economists.