Mexico’s Economic Growth Projected for 2021 and 2025, Inflation Set to Decrease and Crude Oil Production Takes a Hit

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

Mexico is projected to experience economic growth of between 2.5% and 3.5% this year, according to a draft budget from the finance ministry. The forecast for 2025 indicates further expansion, with a predicted growth rate of 2% to 3%. Inflation in the country is expected 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 an estimated rate of 3.3% for the following year. The exchange rate for the Mexican peso is projected to be 17.8 pesos per dollar this year, with a slight weakening to 18 pesos per dollar in 2025. The forecast for average crude oil production in 2021 is at 1.85 million barrels per day, with a slight increase to 1.86 million barrels per day in 2025.

However, state-owned oil company Pemex’s crude oil output has been declining steadily, reaching its lowest level since 1979 in February. The company’s production has decreased from a peak of

Leave a Reply