Mexico’s Banxico Upwardly Revises 2025 Growth Forecast to 0.6%

Mexico’s central bank boosted its economic growth forecast for this year, allaying some fears of stagnation despite a prolonged slowdown and tariff pressures from US President Donald Trump.

Banxico, as the bank is known, lifted its 2025 gross domestic product growth forecast to 0.6% in its central scenario, from 0.1% previously, according to its quarterly inflation report. The bank sees the economy growing 1.1% next year, from the 0.9% estimate in May’s report.