Mexico economy could decrease by 1.3% in 2025 and 0.6% in 2026, according to the organization of cooperation and economic development In a new report published Monday. This prediction makes Mexico the only member country of the OECD providing to enter a recession during these two years.
The provisional economic perspectives of the OECD have demoted its prediction of GDP for the economy of Mexico from its previous December Growth forecast 1.2% in 2025 and 1.6% in 2026.
The new prediction is based on expectations that 25% we price On the importation of most Mexican goods will be implemented from April.
OECD projections
The current predictions of the OECD 2025 and 2026 for the Mexico inflation rate are currently:
Mexico The annual title rate in February was 3.77%from 3.59% in JanuaryAccording to the National Statistics Agency INEGI. Monthly inflation was 0.28%.
Meanwhile, the OECD predicts that the growth of the gross domestic product (GDP) of Mexico is in negative percentages for 2025 and 2026:
The prospects also provide that the GDP of the United States will increase by 2.2% in 2025 and 1.6% in 2026, while the economy of Canada will increase by 0.7% in the two years.
The organization provides that all North American countries will experience lower economic growth than global growth in average GDP of 3.1% in 2025 and 3% in 2026.
Response from Mexico: “We have a plan”
The president of Mexico, Claudia Sheinbaum, questioned the role of international organizations such as the OECD in the realization of these types of economic predictions.
“This does not help these organizations say:” We plan that there can be a recession “. Maybe they should suggest what to do instead of simply publishing these reports when we still don’t know if they really perform, “said Sheinbaum at his press conference on Tuesday morning.
The president reiterated his government’s priority to strengthen investments and avoid debt.
“Many countries have opted for debt during the economic crisis resulting from the pandemic and still know the consequences of this decision. Here, the former president of Mexico), López Obrador, has decided not to go into debt, to reduce spending, and with these savings, to stimulate the economy of low. This is the project we have, ”said Sheinbaum.
Sheinbaum also stressed the importance of her “Mexico planBy attracting private investments and strengthening the manufacturing sector of Mexico.
“We have a plan on which we work intensely. I meet once a week to examine progress, and there is a working group of various ministries to accelerate all the procedures related to blocked investments. The objective is to stop importing and (rather) to produce in Mexico by various means,” said the president.
“And on the other hand, we must wait until April 2 to see how (the American tariff number) will take place for Mexico,” she added.
With reports from The day And The Economist
