The Economist – Mexico City
Washington, DC the International Monetary Fund (IMF) on Tuesday its growth forecasts for the world economyLy Mexico received the highest adjustment down, according to the information contained in the world economic scene (Weo).
The IMF anticipates that the Mexican economy will register a contraction of 0.5% this year, which is lower in 1.7% to the expectation they had last January, when they foresee that Mexican GDP could register a growth of 1.4 percent.
“The revision largely reflects a weakest activity than expected at the end of last year and early this year as well as the impact of tariffs imposed by the United Statesthe uncertainty associated with geopolitical tensions and a hardening of financial conditions, ”explained experts from the agency.
In the body’s flagship document, launched within the framework of its spring meetings, they explained that “Tariffs have a great negative impact on world activity, but the greatest impact will be recorded by Canada, Mexico, China and the United States.”
The IMF thus becomes the second international organism that forecasts a recession for Mexico. On March 17, the Organization for Economic Cooperation and Development (OECD) projected a deeper GDP contraction, of 1.3% that would last until 2026.
