Thursday, September 11, 2025

OECD cuts Mexico growth forecast by half a point; AMLO unfazed

There has been another reduction in Mexico’s growth forecast, this time by the Organization for Economic Cooperation and Development (OECD).

It cut its forecast by half a point for both this year and next, calling for a 2019 growth rate of 2% and 2.25% in 2020.

The OECD’s Interim Economic Outlook said on a positive note that strong remittances, an increase in the minimum wage and government plans to boost infrastructure investment and revive energy production should lift domestic demand.

Further declines in inflation would offer scope for monetary policy easing, the report said.

The OECD revised growth downwards in almost all G20 economies, citing high policy uncertainty, trade tensions and further erosion of business and consumer confidence.

Speaking on the revised forecast during his morning press conference, President López Obrador repeated his own, confident outlook, observing that macroeconomic figures are looking good and there is financial stability in the country.

“We are growing, jobs are being created, salaries are improving, there is well-being . . . . We are fine and in good shape.”

He said he would offer additional information next Monday.

Mexico News Daily

Have something to say? Paid Subscribers get all access to make & read comments.
Steering wheel of a BYD brand chinese electric car

Facing US pressure, Mexico to raise tariffs on Chinese cars to 50%

0
Mexico will increase the tariff on Chinese cars to the maximum level permitted by the World Trade Organization, Economy Minister Ebrard said Wednesday.
luz del mundo church with poster of Naason Joaquín García

Family of Naasón Joaquín García, leader of La Luz del Mundo, charged with sex trafficking

0
Joaquín, his mother and his nephew are charged with running "a wide-ranging racketeering and child exploitation enterprise" that preyed on young members of the La Luz del Mundo Church over many years.
washed up gray whale in Tijuana

92 gray whales have washed up dead in Baja California Sur, the worst die-off in decades

2
Scientists say malnutrition is to blame — not poaching or ship strikes — after most carcasses were found decomposed and showed no signs of direct human harm.
BETA Version - Powered by Perplexity